Skeena Closes Strategic Investment from Barrick
Skeena Closes Strategic Investment from Barrick
Vancouver, BC (December 22, 2017) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the
“Company”) is pleased to announce that it has closed the strategic investment financing announced
on December 18, 2017 with Barrick Gold Corporation.
Skeena collected gross proceeds of C$1,000,000 from the sale of 1,250,000 flow through common
shares at a price of $0. 80 per share . Barrick Gold Corporation will be the end purchaser of the
shares. The net proceeds of the financin g will be used to incur Canadian exploration expenses . All
the securities issued under this financing will be subject to a hold period of four months and one day
from the closing date of the offering.
About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing
prospective precious and base metal properties i n the Golden Triangle of northwest British
Columbia, Canada. The Company’s primary activities are the e xploration and development of the
past-producing Snip and Eskay Creek mines, both acquired from Barrick, and the past -producing
Porter Idaho silver mine. The Company also recently announced Preliminary Economic Assessment
results for the Spectrum-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 Unite d States securities legislation , including, among other things,
information with respect to the expected size and terms of the Offering, the expected timing for closing of the Offering and the
expected use of proceeds of the Of fering. 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”, “estimates”, “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 financi ng, 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.
NR: 17-24
December 22, 2017