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Skeena (TSX:SKE) closes C$57.5 million public offering

Mining
TSX:SKE
17 May 2021 08:45 (EDT)

Skeena Resources Limited (SKE) has closed its previously announced bought deal public offering.

Skeena issued a total of 18,548,388 common shares, at a price of C$3.10 for gross proceeds of approximately C$57.5 million.

This total includes 2,419,355 shares issued in connection with the full exercise of the 15% over-allotment option granted to the underwriters.

The offering was completed through a syndicate of underwriters co-led by Raymond James Ltd. and Canaccord Genuity Corp., and including Clarus Securities Inc., RBC Dominion Securities Inc., Sprott Capital Partners LP and Desjardins Securities Inc. 

Proceeds will be used to fund ‎exploration and development activities at the Eskay Creek Project and Snip Gold Project and for general ‎administrative and corporate purposes.‎

Skeena Resources Limited is a Canadian mining exploration company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada.

Skeena Resources Limited (SKE) opened trading at C$3.28 per share.

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