Business
Skeena Closes Final Tranche of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED ...
About this update from Skeena Resources Limited
[{"type":"text","content":"Skeena Closes Final Tranche of Private PlacementNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / July 31, 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 June 27, 2019. Together with the first tranche, Skeena raised gross proceeds of C$5,032,070.In connection with the final tranche, Skeena collected gross proceeds of C$1,537,345 from the sale of 3,169,784 flow through shares (“FT shares”) at a price of C$0.485 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, as well as for working capital purposes. All of the securities issued under the Financing will be subject to a hold period of 4 months from the closing date of the respective tranche of the Offering. A total for both tranches of C$82,225 was paid in finders’ fees.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...