Skeena Announces C$5 Million Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Skeena Announces C$5 Million Private Placement
Vancouver, BC ( June 27, 201 9) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF)
(“Skeena” or the “Company”) is pleased to announce a non-brokered private placement offering (the
“Offering”) of up to 13,000,000 common shares at a price of $0. 385 per share for aggregate gross
proceeds of approximately C$5 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, as well as for working capital purposes. The
closing of the Offering is anticipated to occur on or before July 15, 2019 (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 TSX Venture 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 so licitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities
laws and may no t be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
About Skeena
Skeena Resources Limited is a junior Ca nadian mining exploration company focused on developing
prospective precious and base metal properties in the Golden Triangle of northwest British
Columbia, Canada. The Company’s primary activities are the exploration and development of the
past-producing Snip and Eskay Creek mines, both optioned from Barrick. In addition, the Company
has completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
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
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June 27, 2019
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 stateme nts and information may be identified by such
terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward -
looking statements and information contained herein are based on certain factors and a ssumptions 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 oper ating 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 r equired by applicable securities
laws.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility
for the adequacy or accuracy of this release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure
to comply with this restriction may constitute a violation of U.S. Securities laws.