Remember when i was poor all we could afford..Just kiddng''
I lived in the East Vancouver where fishermen kept us supplied with FREE salmon and homemade wine..
Here is the spam..
Skeena Welcomes $5 Million Investment From Tahltan Nation..
Vancouver, BC (March 31, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) and the Tahltan Central Government (“TCG”) are pleased to announce that they have entered into an investment agreement, pursuant to which TCG have agreed to invest C$5 million into Skeena by purchasing 1,597,138 Tahltan investment rights (the “Rights”). The Rights are priced at approximately $3.13 per Right, which reflects the five-day volume weighted average price for the common shares of Skeena (“Common Shares”) for the trading day ended March 25, 2021.
Rights will automatically vest and convert into Common Shares, at a ratio of one Right per one Common Share (subject to customary adjustments), over the three-year period following the closing of the offering.
Walter Coles, Skeena’s President & CEO commented, “Skeena is delighted to welcome Tahltan as partners in the Company. Over the years we have often discussed our mutual desire to have the Tahltan Nation become owners of natural resource projects being developed in their Territory. This investment into Skeena represents a further step in an evolving relationship with the Tahltan Nation. We look forward to continuing our work with the Tahltan and gaining the support required for Skeena’s projects.”
Chad Norman Day, TCG President commented, “Tahltan Territory is home to British Columbia’s resource rich 'Golden Triangle' and a booming mineral exploration industry. Mining has always been part of our culture, both in the past and in present-day times. For thousands of years, our people prospected, mined, and utilized obsidian for tools, weaponry, and trade. More recently, Tahltans supported miners during the gold rush and have had operating mines in our homelands for multiple generations. In partnering with Skeena, the Tahltan Nation is evolving and taking significant steps forward by becoming meaningful equity partners in these projects. Ownership provides the Tahltan Nation with a strong seat at the table as we continue our pursuit towards capacity building and economic independence for the Tahltan people.”
The offering is subject to the achievement of certain conditions precedent, including the approval of the Toronto Stock Exchange.
On behalf of the Board of Directors of Skeena Resources Limited & the Tahltan Central Government
Walter Coles Jr. Chad Norman Day
President & CEO, Skeena Resources Limited President, Tahltan Central Government