VANCOUVER, British Columbia, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX.V:SKE) (“Skeena” or the “Company”) is pleased to announce that it has closed the strategic investment financing announced on December 18, 2017 with Barrick Gold Corporation.
Skeena collected gross proceeds of C$1,000,000 from the sale of 1,250,000 flow through common shares at a price of $0.80 per share. Barrick Gold Corporation will be the end purchaser of the shares. The net proceeds of the financing will be used to incur Canadian exploration expenses. All the securities issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering.
About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious and base 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 Snip and Eskay Creek mines, both acquired from Barrick, and the past-producing Porter Idaho silver mine. The Company also recently announced Preliminary Economic Assessment results for the Spectrum-GJ copper-gold porphyry project.
