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Strategies & Market Trends : Winter in the Great White North

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From: teevee	6/23/2014 5:09:39 PM
	1 Recommendation Recommended By Breccia of 8273

SKE news..... Skeena arranges $2.5-million private placement 2014-06-23 16:05 ET - News Release Mr. Walt Coles Jr. reports SKEENA PROPOSES TO RAISE $2.5 MILLION IN PRIVATE PLACEMENT FINANCING Skeena Resources Ltd. proposes to raise up to $2.5-million in a non-brokered private placement financing, on a best-efforts basis, by the issuance of flow-through shares and non-flow-through shares, subject to regulatory approval. Each flow-through share will be priced at 11 cents and each non-flow-through share will be priced at nine cents. 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. Finders' fees may be payable to qualified agents on a portion of the funds raised, in accordance with TSX Venture Exchange regulations. Funds from this financing will be used to undertake a 5,000-metre diamond drill program on the Spectrum property, which is expected to reconfirm the historical resource and to demonstrate the ability to grow the high-grade gold resource on the property. Funds will also be used toward general working capital.

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