Skeena Resources Limited Enters Agreement with Underwriters for Common Shares Offering
Introduction
VANCOUVER, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) — Skeena Resources Limited (TSX: SKE; NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,800,000 common shares of the Company (the “Common Shares”), at a price of C$14.70 per Common Share for aggregate gross proceeds of approximately C$70.5 million (the “Offering”).
Underwriters’ Option
The Company has granted the Underwriters an option, exercisable in whole or in part, at any time up to 48 hours prior to closing of the Offering (“Closing”), to increase the aggregate number of Common Shares (including any Flow-Through Common Shares (as defined below)) purchased in the Offering by 15% (the “Underwriters’ Option”).
Impact on Individuals
As an individual investor, this offering by Skeena Resources Limited could present an opportunity to potentially invest in a promising mining company. The increase in common shares available through the Underwriters’ Option may also signal positive confidence in the company’s future growth prospects, which could benefit individual shareholders.
Global Impact
On a global scale, the agreement between Skeena Resources Limited and the Underwriters for the Common Shares Offering reflects continued investment in the mining industry. This influx of funds can have widespread implications, from job creation and economic growth in the local community to contributing to the overall supply of precious metals in the global market.
Conclusion
In conclusion, Skeena Resources Limited’s agreement with the Underwriters for the Common Shares Offering represents a significant development for the company and potential investors. The Underwriters’ Option to increase the number of Common Shares purchased further highlights the confidence in Skeena’s growth trajectory and could have positive implications for both individual investors and the global mining industry.
