Date Closed

December 23, 2021

Lead Office

Vancouver

Value

30.90 Million CAD

On December 23, 2021, Skeena Resources Limited ("Skeena") announces the closing of a structured non-brokered private placement offering of 1,471,739 flow-through common shares at a price of C$21.00 per flow-through common share for aggregate gross proceeds of approximately C$30.9 million to Franco-Nevada Corporation (“Franco-Nevada”). 

As part of the transaction, Skeena agreed to grant Franco-Nevada a right of first refusal over the sale of a 0.5% net smelter return (NSR) royalty over the Eskay Creek gold-silver project (“Eskay Creek”) and the parties amended the terms of Franco-Nevada’s existing 1.0% net smelter return royalty over the Eskay Creek gold-silver project.

Skeena Resources is a Canadian mining exploration company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada.

McCarthy Tétrault LLP advised Skeena Resources Limited with a team led by Daniel Bornstein that included Glynnis Morgan, Robin Mahood, Lance Williams and Kyle Riddell (Business).