Skeena Closes Final Tranche of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Skeena Closes Final Tranche of Private Placement
Vancouver, BC ( July 31, 201 9) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF)
(“Skeena” or the “Company”) is pleased to report the closing, subject to the acceptance of the TSX -
Venture Exchange, of the second and final tranche of the non-brokered private placement offering (the
“Offering”) announced on June 27, 2019 . Together with the first tranche, Skeena raised gross
proceeds of C$5,032,070.
In connection with the final tranche, Skeena collected gross proceeds of C$ 1,537,345 from the sale
of 3,169,784 flow through shares (“FT shares”) at a price of C$0.485 per FT share.
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. All of the securities
issued under the Financing will be subject to a hold period of 4 months from the closing date of the
respective tranche of the Offering. A total for both tranches of C$82,225 was paid in finders’ fees.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities ha ve 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 not be offered or sold within the United States or to 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 junior Canadian 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
NR: 19-12
July 31, 2019
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”, “estim ates”, “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 risk s, 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 s uch 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 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.