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Skeena Closes Oversubscribed Private Placement

Published: 03/29/2018

Team: Jennifer Traub, Aimee O'Donnell, Lance Williams, Jenna Clark, Christopher B. Norton

On March 29, 2018, Skeena Resources Limited closed a private placement of 9,176,940 units at a price of $0.60 per unit and 4,223,571 flow-through shares at a price of $0.70 per flow-through share for aggregate gross proceeds of approximately $8.5 million. Each unit consists of one common share and one-half of one common share purchase warrant of Skeena. Each whole warrant entitles the holder to purchase one common share of Skeena at a price of $0.90 until March 29, 2020.

The offering was completed by a syndicate of agents including PI Financial Corp., Sprott Private Wealth LP, RBC Dominion Securities Inc. and Cormark Securities Inc.

Cassels Brock acted for Skeena with a deal team composed of Jennifer Traub and Aimee O’Donnell (Securities and Mining), Lance Williams and Jenna Clark (Financial Services) and Chris Norton (Tax).