Skeena Resources Gains Strategic Investor Via $7.0 Million Flow Through Financing

It appears funding its exploration program is no problem for Skeena Resources (TSX: SKE). The golden triangle-focused junior resource firm this morning announced that it would be conducting a fully-subscribed, non-brokered private placement financing of flow through shares this morning.

The financing will see a total of 346,364 flow through shares sold under the offering, raising gross proceeds of $7.0 million for the firm. Shares are to be sold at a price of $20.21 per each, with no warrant attached to the financing.

The financial will see a new strategic investor take a stake in the firm, with Ausenco Engineering taking down the full financing.

Proceeds from the offering are to be used for exploration of Skeena’s projects in the golden triangle of British Columbia.

The financing is expected to close by September 17.

Skeena Resources last traded at $14.89 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. 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.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Skeena Reports Assays Of 9.12 G/T Gold Equivalent Over 49.60 Metres At Eskay Creek

Skeena Resources (TSX: SKE) has released additional drill results from its flagship Eskay Creek project,...

Tuesday, January 19, 2021, 08:31:06 AM

Skeena Resources Looks To Repurchase 0.5% NSR At Eskay Creek

Skeena Resources (TSX: SKE) is looking to repurchase a net smelter return royalty currently outstanding...

Monday, September 19, 2022, 08:18:47 AM

Skeena Resources Loses Rights To Historic Minerals At Storage Facility

If you’re a gold explorer or producer, always own the mineral rights underneath the land...

Tuesday, February 8, 2022, 08:21:42 AM

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....

Wednesday, February 24, 2021, 09:15:23 AM

Skeena Files Permit Applications For Eskay Creek Project

Skeena Resources (TSX: SKE) is reporting this morning that it has made progress on the...

Monday, May 5, 2025, 09:40:11 AM