Skeena Closes Oversubscribed Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Skeena Closes Oversubscribed Private Placement
Vancouver, BC ( June 13 , 2017) Skeena Resources Limited (TSX.V: SKE) (“ Skeena” or the
“Company”) has closed its previously announced private placement of units (the “Units”) of the
Company (the “Offering” ) pursuant to an agency agreement dated June 13, 2017 (the “ Agency
Agreement”) between the Company and RBC Capital Markets (lead agent), Paradigm C apital Inc.
and PI Financial Corp . ( collectively, the “ Agents”). The Offering rais ed gross proceeds of
approximately C$5.7 million.
The Company issued (a) 81,329,235 Units on a non-flow-through basis at a price of C$0.05 per Unit
for gross proceeds of C$4,066,462, and (b) 24,892,307 Units on a flow -through basis at a price of
C$0.065 per Unit for gross proceeds of C$1,618,000 , for aggregate gross proceeds of
C$5,684,462. Each Unit consisted of one common share of the Company , on a non -flow-through
and flow-through-basis, respectively, and one-half of one non-flow-through common share purchase
warrant of the Company (each whole common share purchase warrant, a “Warrant” and ,
collectively, the “Warrants”). Each Warrant entitles the holder to purchase one common share of the
Company at a price of C$0.10 until June 13, 2020. 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, being October 14, 2017.
Pursuant to the Agency Agreement, as compensation for services rendered in connection with the
Offering, the Agents received a cash commission equal to 7 .0% of the gross proceeds of the
Offering, less any Units sold to purchasers introduced by the Company (the “President’s List
Purchasers”). In addition, the Company paid finders' fees equal to 7.0% of the gross proceeds from
the Units sold to certain President’s List Purchasers.
The net proceeds of the Offering will be used to fund advancement of the Company’s Snip project
and for working capital purposes. The gross proceeds from the flow-through common shares will be
used to fund Canadian exploration expenses.
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 have not been and wi ll 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 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 Canadian mining exploration company focused on developing
prospective base and precious metal properties in the Golden Triangle region of northwest British
Columbia, Canada. The Company’s primary activities are the eval uation and development of the
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June 13, 2017
Spectrum-GJ copper -gold project as well as exploration on the past -producing Snip gold mine,
acquired from Barrick Gold, and the past-producing Porter Idaho silver mine.
On behalf of the Board of Directors of Skeena Resources Limited,
Walt 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, including, among other things,
information with respect to the expected use of proceeds of the Offering. These statements and information are based on facts currently
available to the Company a nd 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”, “estimates”, “plans”, “ex pects”, “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 esti mates,
metal pri ces, 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 TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.