Skeena Resources Announces Fully Subscribed $20 Million Flow Through Financing

Skeena Resources (TSX: SKE) this morning announced that it will be conducting a flow-through financing. Already full subscribed, the financing will see the company raise gross proceeds of $20.0 million.

The financing will see the sale of 4.4 million flow through shares at a price of $4.50 per share. No warrant is attached to the offering.

Proceeds from the financing are to be used for exploration expenses on the firms projects located within the Golden Triangle of BC, which consists largely of the Eskay Creek project. The offering is currently slated to close March 24, 2021.

Skeena Resources last traded at $3.71 on the TSX.

Information for this briefing was found via Sedar and Skeena Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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