News Column

Skeena Proposes To Raise $2.5 Million in Private Placement Financing

June 26, 2014



ENP Newswire - 26 June 2014

Release date- 24062014 - Skeena Resources Limited (TSX.V: SKE) proposes to raise up to $2.5 million in a non-brokered private placement financing, on a best efforts basis, by the issuance of Flow Through shares and Non-Flow Through shares, subject to regulatory approval.

Each FT share will be priced at $0.11 CDN per share and each NFT share will be priced at $0.09 CDN per share. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. Finders' fees may be payable to qualified agents on a portion of the funds raised in accordance with Exchange regulations.

Funds from this financing will be used to undertake a 5,000 metre diamond drill program on the Spectrum property which is expected to reconfirm the historic resource and to demonstrate the ability to grow the high-grade gold resource on the property. Funds will also be used towards general working capital.

Contact:

Tony Perri

Investor Relations

Tel: 403-240-0555


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Source: ENP Newswire


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