Skeena Resources Limited Announces Closing of Bought Deal Offering
VANCOUVER, BC – Skeena Gold & Silver (TSX:SKE, NYSE:SKE) (“Skeena” or the “Company”) is thrilled to announce the successful completion of its bought deal offering of common shares and flow-through common shares. The offering, which was initially announced on February 1, 2025, raised a total of C$88,346,900 in gross proceeds.
Details of the Offering
A total of 3,290,000 common shares were sold at a price of C$14.70 per share, generating gross proceeds of C$48,923,700. Additionally, 2,230,000 flow-through common shares were issued at a price of $17.93 per share, bringing in an additional C$41,423,200 in gross proceeds. The underwriters involved in the offering (referred to as “Underwriters”) had the option to purchase up to an additional 720,000 common shares at the common share offering price, which they exercised in full.
Impact on Skeena Gold & Silver
The successful completion of this offering signifies a strong vote of confidence from investors in Skeena’s business strategy and growth potential. The Company intends to use the net proceeds from this offering to fund its exploration and development activities, specifically at its Eskay Creek and Snip projects in British Columbia, Canada.
Impact on Individuals and the World
For individuals, this offering means that they have had an opportunity to invest in a promising mineral exploration company. Skeena’s projects have the potential to yield significant gold and silver discoveries, making the investment an attractive proposition for those looking to diversify their portfolios. Moreover, the proceeds from the offering will be used to advance these projects, which could lead to job creation and economic growth in the local communities.
On a larger scale, this offering represents a positive sign for the mining industry as a whole. With the increasing demand for precious metals like gold and silver, exploration and development efforts are crucial to ensure a steady supply for the global market. Skeena’s successful offering demonstrates that there is continued investor interest in the mining sector, which could encourage more companies to pursue growth opportunities.
Conclusion
Skeena Gold & Silver’s successful completion of its bought deal offering of common shares and flow-through common shares is a significant milestone for the Company. With the proceeds from this offering, Skeena is well-positioned to advance its exploration and development activities at its Eskay Creek and Snip projects. This offering also underscores the investor interest in the mining sector and the potential for significant discoveries in the precious metals market.
- Skeena Gold & Silver completes bought deal offering of C$88,346,900
- 3,290,000 common shares sold at C$14.70 per share
- 2,230,000 flow-through common shares issued at $17.93 per share
- Proceeds to be used for exploration and development activities
- Positive sign for the mining industry and investor confidence
