Skeena delays close of second tranche financing
Skeena Resources Limited (TSX.V: SKE) ("Skeena" or the "Company") anticipates closing of up to $1.3 million private placement financing in January 2016. This amount would represent the 2nd tranche of a previously announced financing. Skeena realized gross proceeds of $4,685,500 million from the closing of the first tranche of this financing, see news release dated November 9, 2015.
The net proceeds will primarily be used for exploration on the Spectrum high-grade gold project and the recently acquired GJ project. Both projects are located in the prolific Golden Triangle region of north-western British Columbia and are in the same general vicinity of two of Ron Netolitzky's (Chairman, Skeena) past successes: the Snip and Eskay Creek mines, which are held by Barrick Gold Corporation.
Skeena Resources Limited is a junior Canadian mining exploration company involved in the acquisition, exploration and development of prospective base and precious metal properties throughout British Columbia. The Company's primary activities at present are the evaluation of the high-grade Spectrum gold project and the newly acquired GJ project, both in the Stikine Arch of northwestern British Columbia. Skeena's management includes a highly experienced team of mine-finders, including Ron Netolitzky, Chairman, who was inducted into the Canadian Mining Hall of Fame in 2015.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
Walt Coles Jr., President & CEO