StockNews.AI
SKE
StockNews.AI
174 days

Skeena Resources Closes C$88.3 Million Bought Deal Financing

1. Skeena Resources closed a C$88M share offering, boosting capital. 2. Common shares priced at C$14.70, flow-through shares at C$17.93.

3m saved
Insight
Article

FAQ

Why Bullish?

Raising C$88M enhances Skeena's financial position, similar to past successful offerings boosting stock prices.

How important is it?

The significant capital raise contributes to Skeena's growth plans, likely increasing investor interest.

Why Short Term?

Immediate cash infusion may enhance investor confidence and drive stock price up in the short term.

Related Companies

GOLDSLVAAU
VANCOUVER, BC / ACCESS Newswire / February 26, 2025 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena Gold & Silver", "Skeena" or the "Company") is pleased to announce the closing of the previously announced bought deal offering of 3,290,000 common shares of the Company (the "Common Shares"), at a price of C$14.70 per Common Share (the "Common Share Offering Price") and 2,230,000 Common Shares issued as "flow-through shares" (the "Flow-Through Common Shares" and together with the Common Shares, the "Offered Shares") as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") at a price of $17.93 per Flow-Through Common Share (the "Flow-Through Offering Price"), for aggregate gross proceeds of C$88,346,900 (the "Offering"). The Underwriters (as defined below) elected in full to have 2,230,000 Common Shares issuable as Flow-Through Common Shares at the Flow-Through Offering Price and exercised in full their option to purchase up to an additional 720,000 Common Shares at the Common Share Offering Price under the Offering.

Related News