Skeena Announces Flow-Through Financing
Vancouver, BC (December 22, 2016) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) intends to raise $729,699.93 in a non-brokered private placement financing by issuing 8,107,777 flow-through common shares, at $0.09 CDN per share. Shares issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering. A 7% cash finders’ fee is payable to qualified agents on a portion of the funds raised in accordance with TSX Venture Exchange regulations. This financing is expected to close on Friday, December 23, 2016, pending regulatory approval.
The gross proceeds from the flow-through common shares will be used to incur Canadian exploration expenses as defined by the Income Tax Act (Canada) by December 31, 2017, as renounced effective December 31, 2016.
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective base and precious metal properties in the Golden Triangle region of northwest British Columbia, Canada. The Company’s primary activities are the evaluation and development of the Spectrum-GJ gold-copper project as well as exploration on the recently optioned past-producing Snip gold mine, acquired from Barrick Gold, and the past-producing Porter Idaho silver mine. Skeena’s management includes a highly experienced team of mine-finders, including Ron Netolitzky, Chairman of the Board.
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