Skeena Confirms Completion of Share Consolidation
Skeena Resources Limited (OTCQX: SKREF) announced the completion of its share consolidation, effective June 10, 2021. The consolidation ratio is four pre-consolidation shares to one post-consolidation share, reducing the number of outstanding shares to 60,952,631. All warrants and stock options have been adjusted accordingly. The company continues to focus on the development of the Eskay Creek gold-silver mine and exploration at the Snip gold mine, aiming for a full feasibility study by Q1 2022.
- Completion of share consolidation, potentially improving share value.
- Current focus on advancing the Eskay Creek mine to full feasibility by Q1 2022.
- None.
VANCOUVER, BC / ACCESSWIRE / June 10, 2021 / Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to confirm that, pursuant to its news release dated June 4, 2021, the Company's common shares have been consolidated at a ratio of four pre-consolidation shares to one post-consolidation share (the "Consolidation"). The common shares will begin trading on a post-consolidation basis on the TSX at market open today, June 10, 2021.
The Company now has 60,952,631 common shares issued and outstanding and all outstanding warrants and incentive stock options have been adjusted to increase their exercise price by a factor of four and to reduce the number of common shares issued upon exercise by dividing by four.
About Skeena
Skeena Resources Limited 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. The Company released a robust Preliminary Economic Assessment in late 2019 and is currently focused on infill and exploration drilling to advance Eskay Creek to full Feasibility by Q1 2022. Additionally, Skeena continues exploration programs at the past-producing Snip gold mine.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
Contact Information
Investor Inquiries: info@skeenaresources.com
Office Phone: +1 (604) 684-8725
Company Website: www.skeenaresources.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively, "Forward-looking Statements"), including statements regarding the completion of the Consolidation and the potential listing of the Company's common shares on the NYSE. These Forward-looking Statements are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. The Company does not undertake to update any Forward-looking Statements except as may be required by applicable securities laws.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Skeena Resources Limited
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https://www.accesswire.com/651186/Skeena-Confirms-Completion-of-Share-Consolidation
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