Skeena Welcomes New Board Member
Skeena Welcomes New Board Member
Vancouver, BC ( July 27, 20 20) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF)
(“Skeena” or the “Company”) is pleased to announce the appointment of Mr. Greg Beard to the Board
of Directors of the Company as an independent director , pending approval by the TSX Venture
Exchange.
Mr. Beard has over 25 years of investment management experience . Most recently he was Global
Head of Natural Resources, Senior Partner and Member of the Management Committee at Apollo
Global Management in New York where he oversaw all investment activities in the energy, metals and
mining and agriculture sectors. During his 10 years with Apollo, Mr. Beard managed over $11 billion
of investments into the natural resources sector.
Previously, Mr. Beard was at Riverstone Holdings, an energy-focused private equity firm, as a founding
member and managing director. He began his career as a financial analyst at Goldman Sachs, where
he played an active role in principal investment activit ies. Mr. Beard currently serves on the board of
directors of DoublePoint Energy and EP Energy. Mr. Beard received his Bachelor of Arts degree from
the University of Illinois at Urbana.
Skeena’s CEO, Walter Coles Jr. commented, “As Skeena transitions from an exploration company
toward development and eventually mine production, we are fortunate to have someone of Greg’s
caliber join our Board. His broad business background in the natural resource sector will undoubtedly
benefit the company and our shareholders as we chart our growth strategy for the months and years
ahead.”
The Board of Directors has granted Mr. Beard 300,000 incentive stock options. The options will have
a term of 5 years, expiring on July 27, 2025. The options shall vest over a 24-month period with one
third of the options vesting immediately, one third after 12 months and one third after 24 months. Each
option will allow the holder to purchase one common share in the Company at a price of C$2.92. Any
shares issued on the exerci se of these stock options will be subject to a four month hold period ,
calculated from the date of the option grant.
About Skeena
Skeena Resources Limited is a junior mining company focused on developing prospective precious
metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company’s
flagship project is the Eskay Creek gold-silver mine. Skeena is also exploring the past-producing Snip
gold mine.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
NR: 20-20
July 27, 2020
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”, “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 av ailability 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.