Skeena Resources Secures C$88.3 Million in Bought Deal Financing

Skeena Resources Limited has successfully concluded a C$88.3 million bought deal offering. The deal involved the issuance of 3,290,000 common shares at C$14.70 per share and 2,230,000 flow-through shares at C$17.93 per share. The total proceeds will support the advancement of the Eskay Creek gold-silver project and cover general corporate expenses.

The offering was managed by BMO Capital Markets, with participation from several underwriters. The share issue was available through a prospectus supplement in Canada, excluding Quebec, and in the U.S. as part of a registration statement.

Skeena aims to utilize the flow-through share proceeds for eligible Canadian development expenses as outlined in the Income Tax Act. This strategic financial move aligns with the company’s goal of enhancing Eskay Creek, one of the world's top-grade open-pit mines.