Business
Skeena Closes Final Tranche of Oversubscribed Private Placement
VANCOUVER, BC / ACCESSWIRE / December 16, 2019 / Skeena Resources Limited (TSX.V: SKE , OTC...
About this update from Skeena Resources Limited
[{"type":"text","content":"Skeena Closes Final Tranche of Oversubscribed Private PlacementVANCOUVER, BC / ACCESSWIRE / December 16, 2019 / Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (\"Skeena\" or the \"Company\") is pleased to report the closing, subject to the acceptance of the TSX-Venture Exchange, of the second and final tranche of the non-brokered private placement offering (the \"Offering\") announced on November 25, 2019. Together with the first tranche, Skeena raised gross proceeds of C$16,000,000.In connection with the final tranche, Skeena collected gross proceeds of approximately C$4.9 Million from the sale of 6,000,000 flow through shares (\"FT shares\") at a price of C$0.82 per FT share.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. All of the securities issued under the Offering will be subject to a hold period of 4 months from the closing date of the respective tranche of the Offering. A 7% cash finders' fee was paid to qualified agents on a portion of the funds raised in accordance with TSX Venture Exchange regulations.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. 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...