December 19, 2014

Skeena Announces Flow-Through Private Placement Financing

NR: 14-11

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.

For Further Information Contact:
Tony Perri - Investor Relations, Manager or Raju Wani at 403-240-0555
Suite 611, 675 W. Hastings St. Vancouver, B.C., Canada V6B 1N2
Tel: (604) 684-8725 Fax: (604) 669-2543 Email: tperri@skeenaresources.com

You can view the Next News item:December 29th, 2014, Skeena Closes Flow-Through Financing

You can view the Previous News item:December 11th, 2014, Skeena Reports Drill Assays from Spectrum Including 10.63 g/t Au over 27.0 metres

Back to the main News page, or press the Back button on your browser.