Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) proposes to raise up to $500,000 in a non-brokered private placement financing, on a best efforts basis, by the issuance of Flow Through shares, subject to regulatory approval. Each FT share will be priced at $0.15 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.
The gross proceeds from the flow-through common shares must be used to incur Canadian exploration expenses as defined by the Income Tax Act (Canada) by December 31, 2015, as renounced effective December 31, 2014.
Funds from this financing will be used to advance the Spectrum project.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
Walt Coles Jr., President & CEO
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.