Skeena Resources Limited Announces the Filing of the Final Prospectus Supplement in Respect of Its Approximately C$70.5 Million Bought Deal Financing
Skeena Resources (TSX:SKE)(NYSE:SKE) has announced a bought deal financing through a final prospectus supplement, offering 4,800,000 common shares at C$14.70 per share, aiming to raise approximately C$70.5 million.
The company has granted underwriters, led by BMO Capital Markets, an option to increase the offering by 15% up to 48 hours before closing. Underwriters can elect to have up to 2,230,000 shares issued as flow-through shares at C$17.93 per share, potentially increasing total proceeds to approximately C$78 million.
The offering, expected to close around February 26, 2025, will be available in all Canadian provinces (excluding Quebec) and the United States, subject to regulatory approvals including Toronto Stock Exchange and New York Stock Exchange listing approval.
Skeena Resources (TSX:SKE)(NYSE:SKE) ha annunciato un finanziamento in modalità bought deal tramite un supplemento al prospetto finale, offrendo 4.800.000 azioni ordinarie a C$14,70 per azione, con l'obiettivo di raccogliere circa C$70,5 milioni.
L'azienda ha concesso agli underwriter, guidati da BMO Capital Markets, un'opzione per aumentare l'offerta del 15% fino a 48 ore prima della chiusura. Gli underwriter possono scegliere di avere fino a 2.230.000 azioni emesse come azioni flow-through a C$17,93 per azione, aumentando potenzialmente i proventi totali a circa C$78 milioni.
L'offerta, prevista per chiudere intorno al 26 febbraio 2025, sarà disponibile in tutte le province canadesi (escluso il Quebec) e negli Stati Uniti, soggetta ad approvazioni normative, inclusa l'approvazione della quotazione della Toronto Stock Exchange e della New York Stock Exchange.
Skeena Resources (TSX:SKE)(NYSE:SKE) ha anunciado un financiamiento a través de un suplemento final del prospecto, ofreciendo 4.800.000 acciones ordinarias a C$14,70 por acción, con el objetivo de recaudar aproximadamente C$70,5 millones.
La compañía ha otorgado a los suscriptores, liderados por BMO Capital Markets, una opción para aumentar la oferta en un 15% hasta 48 horas antes del cierre. Los suscriptores pueden optar por recibir hasta 2.230.000 acciones emitidas como acciones flow-through a C$17,93 por acción, lo que podría aumentar los ingresos totales a aproximadamente C$78 millones.
Se espera que la oferta cierre alrededor del 26 de febrero de 2025, y estará disponible en todas las provincias canadienses (excluyendo Quebec) y en los Estados Unidos, sujeta a aprobaciones regulatorias, incluida la aprobación de cotización de la Bolsa de Valores de Toronto y de la Bolsa de Valores de Nueva York.
스키나 리소스 (TSX:SKE)(NYSE:SKE)는 최종 투자 설명서 보충을 통해 4,800,000주를 주당 C$14.70에 매각하는 매입 계약 자금을 발표하며, 약 C$70.5백만을 모금할 계획입니다.
회사는 BMO 캐피탈 마켓이 이끄는 인수자에게 마감 48시간 전까지 15% 증액할 수 있는 옵션을 부여했습니다. 인수자는 2,230,000주를 주당 C$17.93의 흐름 주식으로 발행받는 것을 선택할 수 있으며, 이는 총 수익을 약 C$78백만으로 증가시킬 수 있습니다.
이 제안은 2025년 2월 26일경에 마감될 것으로 예상되며, 퀘벡을 제외한 모든 캐나다 주와 미국에서 이용 가능하며, 토론토 증권 거래소 및 뉴욕 증권 거래소의 상장 승인을 포함한 규제 승인을 받아야 합니다.
Skeena Resources (TSX:SKE)(NYSE:SKE) a annoncé un financement par un accord d'achat à travers un supplément au prospectus final, offrant 4.800.000 actions ordinaires à C$14,70 par action, visant à lever environ C$70,5 millions.
La société a accordé aux souscripteurs, dirigés par BMO Capital Markets, une option d'augmenter l'offre de 15% jusqu'à 48 heures avant la clôture. Les souscripteurs peuvent choisir de recevoir jusqu'à 2.230.000 actions émises en tant qu'actions flow-through à C$17,93 par action, ce qui pourrait potentiellement augmenter le produit total à environ C$78 millions.
L'offre, qui devrait se clôturer autour du 26 février 2025, sera disponible dans toutes les provinces canadiennes (à l'exception du Québec) et aux États-Unis, sous réserve des approbations réglementaires, y compris l'approbation de la cotation à la Bourse de Toronto et à la Bourse de New York.
Skeena Resources (TSX:SKE)(NYSE:SKE) hat eine Finanzierung im Rahmen eines Bought-Deal über einen endgültigen Prospektzusatz angekündigt, der 4.800.000 Stammaktien zu je C$14,70 anbietet, mit dem Ziel, rund C$70,5 Millionen zu sammeln.
Das Unternehmen hat den Underwritern, angeführt von BMO Capital Markets, die Option eingeräumt, das Angebot bis zu 48 Stunden vor dem Abschluss um 15% zu erhöhen. Die Underwriter können wählen, bis zu 2.230.000 Aktien als Flow-Through-Aktien zu einem Preis von C$17,93 pro Aktie auszugeben, wodurch die Gesamterlöse auf etwa C$78 Millionen steigen könnten.
Das Angebot, das voraussichtlich um den 26. Februar 2025 abgeschlossen wird, wird in allen kanadischen Provinzen (außer Quebec) und den Vereinigten Staaten verfügbar sein, vorbehaltlich der behördlichen Genehmigungen, einschließlich der Genehmigung zur Notierung an der Toronto Stock Exchange und der New York Stock Exchange.
- Significant capital raise of C$70.5 million with potential increase to C$78 million
- Premium pricing for flow-through shares at C$17.93 vs. C$14.70 for common shares
- Strong institutional backing with BMO Capital Markets leading the syndicate
- Potential dilution for existing shareholders through issuance of 4.8M new shares (plus possible 15% increase)
- Share offering may put downward pressure on stock price
Insights
This C$70.5 million bought deal financing represents a strategic capital raise for Skeena Resources, structured with sophisticated optionality that could increase proceeds to C$78 million. The deal's structure reveals several key insights:
The flow-through share mechanism at C$17.93 per share represents a
The involvement of BMO Capital Markets as lead underwriter is significant, as tier-one investment banks typically only lead deals they're confident will succeed. The bought deal structure, where underwriters assume the full risk of placement, demonstrates strong institutional confidence in Skeena's fundamentals.
The dual-listing approach on both TSX and NYSE provides access to a broader investor base and enhanced liquidity. The international offering structure, including U.S. registration, suggests a strategic move to diversify the shareholder base and increase market visibility.
While the financing will result in approximately
The Base Shelf Prospectus and the Final Prospectus Supplement are Accessible Through SEDAR+
VANCOUVER, BC / ACCESS Newswire / February 21, 2025 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena Gold & Silver", "Skeena" or the "Company") is pleased to announce that it has filed a final prospectus supplement and entered into an underwriting agreement (the "Underwriting Agreement") with a syndicate of underwriters led by BMO Capital Markets (collectively, the "Underwriters") in respect of its previously announced bought deal offering of 4,800,000 common shares of the Company (the "Common Shares"), at a price of C
The Company has granted the Underwriters an option, exercisable in whole or in part, at any time up to 48 hours prior to closing of the Offering ("Closing"), to increase the aggregate number of Common Shares (including any Flow-Through Common Shares (as defined below)) purchased in the Offering by
The Common Shares, including any Flow-Through Common Shares (together, the "Offered Shares"), will be offered by way of a prospectus supplement to the Company's base shelf prospectus (the "Base Shelf Prospectus") in all of the provinces of Canada, excluding Quebec. The Offered Shares will also be offered by way of a U.S. prospectus supplement to the Company's registration statement on Form F-10 (the "Registration Statement") (including the Base Shelf Prospectus) in the United States. The Offering is expected to close on or about February 26, 2025, and is subject to customary closing conditions, including but not limited to Skeena receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the Offered Shares having been approved for listing on the New York Stock Exchange.
Access to the prospectus supplements relating to the Offering, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The Base Shelf Prospectus and the final prospectus supplement are accessible on Skeena's issuer profile on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Base Shelf Prospectus, Registration Statement and prospectus supplements relating to the Offering may be obtained, without charge, upon request in Canada by contacting BMO Nesbitt Burns Inc. Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca, and in the United States by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by telephone at (800) 414-3627 or by email at bmoprospectus@bmo.com. Copies of the Base Shelf Prospectus and the prospectus supplements can be found under the Company's profile on SEDAR+ at www.sedarplus.ca, and a copy of the Registration Statement and the U.S. prospectus supplement can be found on EDGAR at www.sec.gov. Before investing, prospective investors should read the Base Shelf Prospectus, the prospectus supplements, the Registration Statement and the documents incorporated by reference therein.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Offered Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About Skeena
Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project - a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders.
Contact Information
Galina Meleger
Vice President Investor Relations
E: info@skeenagold.com
T: 604-684-8725
Cautionary note regarding forward-looking statements
Certain statements and information contained or incorporated by reference in this news release constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively, "forward-looking statements"). These statements relate to future events or our future performance. The use of words such as "anticipates", "believes", "proposes", "contemplates", "generates", "targets", "is projected", "is planned", "considers", "estimates", "expects", "is expected", "potential" and similar expressions, or statements that certain actions, events or results "may", "might", "will", "could", or "would" be taken, achieved, or occur, may identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include, but are not limited to, statements relating to the closing of the Offering, the acceptance of the Offering by the Toronto Stock Exchange and the New York Stock Exchange, the tax treatment of the Flow-Through Common Shares, and the timing of the closing of the Offering. Such forward-looking statements represent the Company's management expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein, and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties that may affect the forward-looking statements in this news release include, among others: risks related to the Company receiving all approvals necessary for the completion of the Offering and the timing thereof; the tax treatment of the Flow-Through Common Shares, the inherent risks involved in exploration and development of mineral properties, including permitting and other government approvals; changes in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the Company's MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, the AIF dated March 28, 2024, the Company's short form base shelf prospectus dated January 31, 2023, and in the Company's other periodic filings with securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.
Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking statements except as required by applicable securities laws.
SOURCE: Skeena Resources Limited
View the original press release on ACCESS Newswire
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