Skeena Resources Limited has announced a significant financing initiative that is expected to make an impact in the financial sector. The company aims to raise approximately C$125 million through a bought deal offering. This will involve the issuance of 5,210,000 common shares, each priced at C$24.00. The initiative is being carried out in collaboration with BMO Capital Markets, which serves as the lead underwriter, alongside a consortium of other financial partners.
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Details of the financing agreement
The agreement includes an over-allotment option, allowing underwriters to acquire an additional 781,500 common shares within 30 days following the offering’s closing date. If fully exercised, the total gross proceeds could increase to approximately C$143,796,000. This financial flexibility is vital for the company as it progresses with its ongoing projects.
Offering structure and regulatory compliance
The common shares, including any additional shares from the over-allotment option, will be available through a prospectus supplement linked to the company’s base shelf prospectus. This offering will take place across various provinces in Canada, excluding Quebec, and will also be accessible in the United States via a U.S. prospectus supplement connected to the registration statement on Form F-10. The closing of this offering is anticipated around October 8, 2025, subject to standard closing conditions and the necessary regulatory approvals from the Toronto Stock Exchange and the New York Stock Exchange.
Accessing the prospectus and investor information
Investors interested in the offering can access relevant documents, including the base shelf prospectus and prospectus supplements, on SEDAR+. In Canada, these documents comply with specific securities legislation, promoting transparency and adherence to regulations. For those who prefer physical or electronic copies of the prospectus, requests can be made to BMO Nesbitt Burns Inc. in Canada or BMO Capital Markets Corp. in the United States.
Company overview and future prospects
Skeena Resources focuses on the development of precious metals, particularly through its Eskay Creek Gold-Silver Project. This site, located in British Columbia’s Golden Triangle, has a rich history of productivity. The company’s objective is to establish this project as one of the most cost-effective and high-yielding open-pit mines worldwide. Additionally, Skeena Resources is committed to sustainable mining practices and aims to build strong partnerships with Indigenous communities, notably the Tahltan Nation.
Forward-looking statements and risk factors
This announcement includes forward-looking statements that represent the company’s expectations for future events and performance. Phrases such as anticipate, believe, estimate, and expect indicate these forward-looking statements. It is important to understand that these projections rely on various assumptions and may vary significantly from actual results due to operational, economic, and regulatory uncertainties.
Investors should carefully review the base shelf prospectus, prospectus supplements, and registration statement before making any investment decisions. The company does not guarantee that these forward-looking statements will be fulfilled and will only update them if required by applicable laws.
For further inquiries, interested parties may contact Galina Meleger, the Vice President of Investor Relations, through email or phone. The company’s headquarters is situated in Vancouver, British Columbia, serving as a central hub for investor relations.
