Skeena Financing Oversubscribed and Upsized
Skeena Financing Oversubscribed and Upsized
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES
Vancouver, BC ( March 19, 2018 ) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the
“Company”) is pleased to announce that the best efforts private placement financing previously
announced on March 13, 2018 (the “Offering”) is now oversubscribed and as a result the Company
has upsized the Offering. The Offering will now consist of the sale of approximately 9,139,451 units
(the “Units”) and approximately 4,223,572 flow-through common shares (the “FT Shares”) of the
Company to raise aggregate gross proceeds of approximately C$8.4 million.
The Units will be offered at a price of C$0.60 per Unit. Each Unit shall consist of one common share
of the Company and one-half of one transferable non-flow-through common share purchase warrant.
Each whole warrant shall be exercisable into one additional non flow -through common share of the
Company for a perio d of two years from the closing of the Offering at an exercise price of C$0.90.
The FT Shares will be offered at a price of C$0.70 per FT Share.
The closing of the Offering is now anticipated to occur on or around March 29, 2018 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.
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 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 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 d eveloping
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 mine and the recently optioned Eskay Cree k mine, both acquired from Barrick.
In addition, the Company is performing preliminary exploration on the past -producing Porter Idaho
silver mine and has completed a Preliminary Economic Assessment on the Spectrum -GJ copper -
gold porphyry project.
On behalf of the Board of Directors of Skeena Resources Limited,
Walt Coles Jr.
President & CEO
NR: 18-9
March 19, 2018
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 size and terms of the Offering, the expected timing for closing of
the Offering and the expected use of proceeds of the Offering . 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 assu mptions 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 operati ng 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 informa tion 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.