By Devika Patel
Knoxville, Tenn., Feb. 17 - Skeena Resources Ltd. said it will raise C$3 million in a brokered and non-brokered private placement of units. The C$2 million brokered portion of the deal will be conducted via agent D & D Securities Co.
The company will sell 30 million units of one common share and one half-share warrant at C$0.10 per unit.
Each whole warrant is exercisable at C$0.20 for two years.
Settlement is expected Feb. 22.
Proceeds will be used to make a $1 million option payment on the company's Malpica copper-gold-silver-molybdenum project, for a full feasibility study on Malpica and for working capital.
Based in Vancouver, B.C., Skeena is a gold exploration company.
| Issuer: | Skeena Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 30 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | D & D Securities Co. (for C$2 million), non-brokered
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 22
|
| Stock symbol: | TSX Venture: SKE
|
| Stock price: | C$0.095 at close Feb. 16
|
| Market capitalization: | C$7.9 million
|
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