Skeena Resources arranges $20-million private placement
2020-03-10 08:30 ET - News Release
Mr. Walter Coles Jr. reports
SKEENA ANNOUNCES C$20M PRIVATE PLACEMENT
Skeena Resources Ltd. has arranged a fully subscribed non-brokered private placement offering of approximately 17,316,000 flow-through shares at a price of $1.155 per share for aggregate gross proceeds of $20-million.
The net proceeds of the offering will be used to finance exploration activities on the company's projects in the Golden Triangle of British Columbia. The closing of the offering is anticipated to occur on or before April 15, 2020, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing date.
About Skeena Resources Ltd.
Skeena Resources is a junior Canadian mining exploration company focused on developing prospective precious metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activities are the exploration and development of the past-producing Eskay Creek mine and Snip mine.
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