Skeena Announces C$20 Million Flow-Through Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Skeena Announces C$20 Million Flow-Through Private Placement
Vancouver, BC ( February 24, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF)
(“Skeena” or the “Company”) is pleased to announce a fully subscribed non -brokered private
placement offering (the “Offering”) of approximately 4,444,444 flow-through shares (“FT Shares”) at a
price of C$4.50 per share for aggregate gross proceeds of C$20 million.
The net proceeds of the Offering will be used to fund exploration activities on the Company’s projects
in the Golden Triangle of British Columbia. The closing of the Offering is anticipated to o ccur on or
before March 24, 2021 (the “Closing Date”) and is subject to certain conditions including, but not limited
to, the receipt of all necessary regulatory approvals, including the acceptance of the Toronto Stock
Exchange. The securities issued under the Offering will be subject to a statutory hold period in Canada
expiring four months and one day from the Closing Date.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the U.S.
Securities Act or any state securities laws and may not be offered or sold within the United States or
to, or for the account or benefit of, U.S. Persons unless registered under th e U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
About Skeena
Skeena Resources Limited is a Canadian mining exploration company focused on revitalizing the past-
producing Eskay Creek gold -silver mine located in Tahltan Territory in the Golden Triangle of
northwest British Columbia, Canada. The Company released a robu st Preliminary Economic
Assessment in late 2019 and is currently focused on infill and exploration drilling to advance Eskay
Creek to full Feasibility by the end of 2021 . Additionally, Skeena continues exploration programs at
the past-producing Snip gold mine.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
Contact Information
Investor Inquiries: [email protected]
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com
NR: 21-08 | February 24, 2021
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward
looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements
and information are based on facts currently available to the Company and there is no assurance that actual results will
meet management’s expectations. Forward -looking statements and information may be identified by such terms as
“anticipates”, “believes”, “targets”, “estima tes”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward -looking
statements and information contained herein are based on certain factors and assumptions regarding, among other things,
the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation,
the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of
financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company
considers its assumptions to be reasonable as of the date hereof, forward -looking statements and information are not
guarantees of future performance and readers should not place undue importance on such statements as actual events
and results may differ materially from those described herein. The Company does not undertake to update any forward -
looking statements or information except as may be required by applicable securities laws.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility
for the adequacy or accuracy of this release.