Skeena Closes C$8.5 Million Flow-Through Private Placement Skeena Closes C$8.5 Million Flow-Through Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / December 22, 2020 / Skeena Resources Limited (TSX:SKE) (OTCQX: SKREF) ("Skeena" or the "Company") is pleased to announce the closing of the fully subscribed non-brokered private placement offering (the "Offering") announced on December 15, 2020. Skeena raised gross proceeds of C$8.5 million from the sale of 2,428,572 flow-through shares.
The net proceeds of the Offering will be used to fund exploration activities on the Company's projects in the Golden Triangle of British Columbia. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the Toronto Stock Exchange. The securities issued under the Offering will be subject to a statutory hold period in Canada expiring on April 23, 2021, which is four months and one day from the closing date.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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