Skeena Resources Announces $4 Million Private Placement

Skeena Resources (TSXV:SKE) announced a non-brokered, best efforts private placement to raise proceeds of $4 million. The placement will include flow through and non-flow through shares.

As quoted in the press release:

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.

Click here to read the Skeena Resources (TSXV:SKE) press release