Skeena Resources Ltd (SKE)

[douginil]

Skeena Closes Transaction to Acquire 100% of Eskay Creek

Vancouver, BC (October 5, 2020) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce that it has closed the previously announced transaction with Barrick Gold Corporation’s wholly-owned subsidiary, Barrick Gold Inc. (“Barrick”). Skeena now owns 100% of the Eskay Creek gold-silver project (“Eskay Creek”) located in the Golden Triangle of northwest British Columbia, Canada.

At closing, Barrick was issued units of Skeena comprised of an aggregate: (i) 22.5 million common shares of Skeena; and (ii) warrants representing the right to acquire an additional 11.25 million common shares of Skeena. On the closing of the transaction, as at today, Barrick holds a total of 24,075,000 common shares of Skeena, or 12.4% of Skeena’s currently issued and outstanding common shares.

For further details regarding the transaction, please refer to the Company’s press releases dated August 4, 2020 and July 6, 2020.

Read at:
https://mailchi.mp/42ec37fe554f/skeena-closes-transaction-to-acquire-100-of-eskay-creek?e=643847f53a