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Skeena to raise C$30m in bought-deal financing

19th September 2022

By: Creamer Media Reporter

     

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Dual-listed Skeena Resources on Friday announced a C$30-million bought-deal offering, which the company will use to exercise its right to buy down a net smelter return (NSR) royalty currently held by Barrick and for general administration and corporate purposes.

Underwriters, led by Raymond James, have agreed to purchase, on a bought deal basis, 4 958 678 common shares of Skeena at C$6.05 a share. The underwriters will also be granted an over-allotment option to purchase up to 743 801 additional shares.

Skeena’s share price closed 7.5% lower on Friday at C$6.68 apiece.

The company is revitalising the past-producing Eskay Creek gold/silver mine located in Tahltan Territory in the Golden Triangle of north-west British Columbia.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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