Mr. Walter Coles reports
SKEENA ANNOUNCES C$15 MILLION PRIVATE PLACEMENT
Skeena Resources Ltd. has arranged a non-brokered private placement offering of up to 18,292,683 flow-through shares at a price of 82 cents per share for aggregate gross proceeds of $15-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 Dec. 16, 2019, 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. Agentis Capital Markets Canada Ltd. is acting as financial adviser to Skeena on the transaction.
About Skeena Resources Ltd.
Skeena Resources is a junior Canadian mining exploration company, focused on developing prospective precious and base 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 and Snip mines. In addition, the company has completed a preliminary economic assessment on the GJ copper-gold porphyry project.
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