Business
Skeena Announces C$5 Million Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITE...
About this update from Skeena Resources Limited
[{"type":"text","content":"Skeena Announces C$5 Million Private PlacementNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / June 27, 2019 / Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (\"Skeena\" or the \"Company\") is pleased to announce a non-brokered private placement offering (the \"Offering\") of up to 13,000,000 common shares at a price of $0.385 per share for aggregate gross proceeds of approximately C$5 million.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, as well as for working capital purposes. The closing of the Offering is anticipated to occur on or before July 15, 2019 (the \"Closing Date\") 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.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About SkeenaSkeena Resources Limited 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 Snip and Eskay Creek mines, both optioned from Barrick. In addition, the Company has completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.On behalf of the Board of Directors of Skeena Resources Limited, Walter Coles Jr.President & CEOCautionary note regarding forward-looking statementsCertain statements made and information contained herein may constitute \"forward looking information\" and \"forward looking sta...