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.
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