June 23, 2016
Skeena Appoints New CFO and Grants Stock Options
Vancouver, BC (June 23, 2016) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce the appointment of Mr. Andrew MacRitchie as Skeena’s new Chief Financial Officer and Corporate Secretary. Mr. MacRitchie is a Chartered Public Accountant. He has held management roles for several TSX Venture-listed mining companies over his 16-year career. During that period, he assisted in more than $100 million of equity issues. He began his career with PricewaterhouseCoopers and has since gathered experience working on gold, silver, diamond and base-metals projects in North America, South America, and Africa. Mr. MacRitchie volunteers as the National Treasurer for the Kidney Foundation of Canada. His appointment is effective immediately.
Karen Allan, Skeena’s current Chief Financial Officer and Corporate Secretary, is retiring. The Board of Directors would like to thank Mrs. Allan for her time with the Company and wish her a happy and healthy retirement.
The Company also reports that the Board of Directors has granted 20,000,000 incentive stock options to directors, officers and consultants of the Company, subject to TSX Venture Exchange approval. The options will have a term of 5 years, expiring on June 23, 2021, and will allow the holder to purchase a common share in the Company at a price of $0.10. A total of 500,000 of the options are subject to vesting over a period of one year in accordance with Exchange regulations. Any shares issued on the exercise of these stock options will be subject to a four month hold period from date of grant.
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective base and precious metal properties in the Golden Triangle region of northern British Columbia, Canada. The Company’s primary activities are the evaluation and development of the Spectrum gold project and adjacent GJ copper-gold project as well as exploration on the recently optioned past-producing Snip gold mine, acquired from Barrick Gold Corp. Skeena’s management includes a highly experienced team of mine-finders, including Ron Netolitzky, Chairman of the Board.
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:
Walt Coles Jr., President & CEO or Tony Perri - Investor Relations, Manager
Suite 650, 1021 W. Hastings St. Vancouver, B.C., Canada V6E 0C3
Tel: (604) 684-8725 Fax: (604) 558-7695 Email: email@example.com
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