Skeena Resources Limited announced the closing of its previously announced bought deal offering, raising aggregate gross proceeds of C$88,346,900. This financing included the sale 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 underwriters fully elected to issue flow-through shares and exercised their option to purchase up to an additional 720,000 common shares at the Common Share Offering Price under the Offering.
The total proceeds significantly exceeded the initial C$70.5 million target announced on February 18, 2025. This increase was due to the full election of flow-through shares and the exercise of the underwriters' over-allotment option. The successful completion of this financing provides substantial capital for the company's operations.
The funds raised will be used for the continued advancement of the company’s Eskay Creek gold-silver project and for general corporate purposes. This capital injection is vital for funding ongoing development activities and maintaining momentum towards the project's production goals. The financing strengthens Skeena's financial position as it progresses its flagship project.
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