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Strategies & Market Trends : Winter in the Great White North
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From: teevee4/21/2015 6:57:44 PM
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Will be interesting to see if SKE can complete this financing at such high share prices for a company that already has 221 million shares outstanding on a fully diluted basis.

Re: News Release - Tuesday, April 21, 2015
Title: Skeena Announces $4 Million Private Placement Financing

NR: 15-05

Skeena Resources Limited (TSX.V: SKE) ("Skeena" or the "Company") intends to raise $4 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 $0.08 CDN per share and each Non-Flow Through share will be priced at $0.06 CDN per share. Shares issued under this financing will be subject to a hold period of 4 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 Exchange regulations.

The net proceeds from this financing are intended for a 10,000-12,000 metre diamond drill program on the Spectrum project in northwest British Columbia, as well as for general corporate purposes.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SKEENA RESOURCES LIMITED

Walt Coles Jr., President & CEO
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