Skeena Closes C$10.7 Million Flow-Through Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES
Skeena Closes C$10.7 Million Flow-Through Financing
Vancouver, BC ( December 27, 202 3) Skeena Resources Limited (TSX: SKE, NYSE: SKE)
(“Skeena” or the “Company”) is pleased to announce that it has closed its previously announced non-
brokered private placement (the “ Placement”). Skeena issued a total of 1,258,709 flow -through
common shares of the Company, issued at an average price of approximately C$8.53 per share (the
“Offered Shares”) for aggregate gross proceeds of approximately C$10.7 million.
The net proceeds of the Offering will be used to fund exploration activities on Skeena’s projects in the
Golden Triangle of British Columbia . The Placement is subject to the final approval of the Toronto
Stock Exchange. No finder’s fees will be paid in connection with this Placement.
The Offered Shares have been offered, pursuant to the Listed Issuer Financing Exemption under
National Instrument (the “NI”) 45-106 in all Canadian provinces and territories, except Quebec and the
Accredited Investor Exemption (the “AIE”) under NI 45-106. Offered Shares pursuant to the AIE under
NI 45-106 are subject to a four-month hold period in accordance with applicable Canadian securities
laws. There is an offering document related to the Listed Issuer Financing Exemption portion of this
offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the company’s
website.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in the United States or in any other jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements thereunder.
About Skeena
Skeena Resources Limited is a Canadian mining exploration and development company focused on
revitalizing the Eskay Creek and Snip Projects, two past-producing mines located in Tahltan Territory
in the Golden Triangle of Northwest British Columbia, Canada. The Company released a Defini tive
Feasibility Study for Eskay Creek in November 2023 which highlights an after -tax NPV5% of C$2B,
43% IRR, and a 1.2-year payback at US$1,800/oz Au and US$23/oz Ag.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Randy Reichert
Executive Chairman President & CEO
Contact Information
Investor Inquiries: [email protected]
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com
NR: 23-27 | December 27, 2023
Cautionary note regarding forward-looking statements
Certain statements and information contained or incorporated by reference in this press release constitute “forward-looking
information” and “forward -looking statements” within the meaning of applicable Canadian and United States securities
legislation (collectively, “forward-looking statements”). These statements relate to future events or our future performance.
The use of words such as “anticipates”, “believes”, “proposes”, “contemplates”, “generates”, “progressing towards”, “in
search of”, “targets”, “i s projected”, “plans to”, “is planned”, “considers”, “estimates”, “expects”, “is expected”, “often”,
“likely”, “potential” and similar expressions, or statements that certain actions, events or results “may”, “might”, “will”,
“could”, or “would” be taken, achieved, or occur, may identify forward -looking statements. All statements other than
statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include,
but are not limited to, statements regarding the use of the net proceeds from the Offerings and the satisfaction of the
conditions of closing of the Placement, including receipt of required approvals. Such forward-looking statements represent
the Company’s management expectations, estimates and proje ctions regarding future events or circumstances on the
date the statements are made, and are necessarily based on several estimates and assumptions that, while considered
reasonable by the Company as of the date hereof, are not guarantees of future perform ance. Actual events and results
may differ materially from those described herein, and are subject to significant operational, business, economic, and
regulatory risks and uncertainties. The risks and uncertainties that may affect the forward -looking statements in this news
release include, among others: the inherent risks involved in exploration and development of mineral properties, including
permitting and other government approvals; changes in economic conditions, including changes in the price of gold and
other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and
other project execution delays, many of which are beyond the control of the Company; environmental risks and
unanticipated reclamati on expenses; and other risk factors identified in the Company’s MD&A for the year ended
December 31, 2022, its most recently filed interim MD&A, the AIF dated March 22, 2023, the Company’s short form base
shelf prospectus dated January 31, 2023, and in the Company’s other periodic filings with securities and regulatory
authorities in Canada and the United States that are available on SEDAR+ at www.sedarplus.ca or on EDGAR at
www.sec.gov.
Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only
as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any
forward-looking statements except as required by applicable securities laws.