Skeena Resources Raises C$143.8M in Bought Deal for Eskay Creek Project
Skeena Resources Limited (TSX: SKE, NYSE: SKE) has successfully completed a bought deal offering, raising C$143,796,000. The company sold 5,991,500 common shares at C$24.00 each. BMO Capital Markets led the offering as sole bookrunner, with a syndicate of underwriters including UBS Securities Canada Inc., Raymond James Ltd., and others.
Skeena is dedicated to sustainable mining practices and has partnered with the Tahltan Nation. The funds raised will support the advancement of the Eskay Creek gold-silver project in the Golden Triangle, British Columbia. This project is set to become one of the world's highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production. The company's focus remains on maximizing the potential of its mineral resources.
The successful offering demonstrates investor confidence in Skeena's Eskay Creek project. The raised funds will facilitate project management and general corporate purposes, positioning Skeena for future growth.
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