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To: Goose94 who wrote (79308)3/31/2020 5:30:51 PM
From: Goose94Read Replies (1) | Respond to of 203260
 
Skeena Resources (SKE-V) Closes First Tranche of Oversubscribed PP

Mar 31, '20 - NR

Skeena Resources is pleased to announce that today it has closed the first tranche of the non-brokered private placement offering (the “Offering”) announced on March 10, 2020. Skeena collected gross proceeds of approximately C$15 million from the sale of 13,000,000 BC super-flow-through shares at a price of C$1.155 per share.

Due to strong demand for flow-through shares from outside of British Columbia, the Company has upsized the offering to C$30 million and has added a National flow-through component at $1.05 per share. The Company expects to close the balance of the Offering in mid-April.

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. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from each closing date.

About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious 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 Eskay Creek mine and Snip mine.

On behalf of the Board of Directors of Skeena Resources Limited,



Walter Coles Jr.
President & CEO


skeenaresources.com