Skeena Welcomes New Director & Announces AGM Results
Skeena Welcomes New Director & Announces AGM Results
Vancouver, BC ( January 17, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF)
(“Skeena” or the “Company”) is pleased to announce the results of the Company’s Annual General
meeting of Shareholders (“AGM”) held in Vancouver, British Columbia on January 10, 2020 including
the appointment of Suki Gill to the Board of Directors of the Company as an independent director.
Ms. Gill currently serves as a partner at Smythe LLP. She is a Chartered Professional Accountant with
19 years of experience and specializes in providing assurance services to publicly traded companies
operating in the resource industry, as well as private companies across a number of industries in both
Canada and the U nited States. Ms. Gill is on the board of directors for Provincial Health Services
Authority and British Columbia Emergency Health Services.
Shareholders approved all motions put forth at the AGM including the appointment of Grant
Thornton LLP as the Company's independent auditor, and the annual confirmation of the Company's
Stock Option Plan. The shareholders re-elected Walter Coles, Craig Parry, Borden R. Putnam III and
Isac Burstein to the Company's Board of Directors. Skeena would like to thank the outgoing board
member, Don Siemens, for his time spent with the Company.
The Company also reports that the Board of Dire ctors granted 2,940,000 incentive stock options to
directors, officers, employees and consultants of the Company, subject to TSX Venture Exchange
acceptance. The options will have a term of 5 years, expiring on January 17, 2025. All of the options
will 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$1.04. Any shares issued on the exercise of these stock options
will be subject to a four month hold period from the date of grant.
In addition, subject to regulatory approval, the Company announces that it has approved the
reservation of 192,308 common shares in the capital of the Company in order to satisfy the payment
of incentive compensation declared by the Board of Directors as payable to certain officers and
employees of the Company (the “Incentive Shares”), subject to vesting . In order to help retain and
motivate key members of management, these Incentive Shares will not be issued unless or until they
vest on January 1 7, 2022, or in the event of a change of control of the Company if sooner. The
Incentive Shares are currently valued at $200,000, but it is expected that they will have a different
value upon the eventual vesting and issuance to the key members of management , if the vesting
conditions are satisfied.
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 mine and the Eskay Creek mine. In addition, the Company has completed a Preliminary
Economic Assessment on the GJ copper-gold porphyry project.
NR: 20-03
January 17, 2020
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 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.