Skeena Resources Ltd (SKE)

[douginil]

Skeena Sells Assets for C$8 Million

Vancouver, BC (February 4, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement to sell the Company’s 100% interest in the GJ Copper-Gold Property (the “GJ Property”) to Newcrest Red Chris Mining Limited (“Newcrest”) for $7.5 million of cash. In addition, Skeena sold its wholly owned subsidiary, Sona Resources Corp., including the Blackdome-Elizabeth property, to Tempus Resources Ltd. for $500,000 of cash.

Walter Coles, Skeena’s CEO commented, “Advancing the Eskay Creek project is Skeena’s primary focus. Therefore, we are divesting the GJ Property and the Blackdome-Elizabeth property as a way to raise funds for Eskay while incurring the least amount of equity dilution possible to our shareholders.”


Read more at:
https://www.skeenaresources.com/news/skeena-sells-assets-for-ccad8-million