Skeena Resources and Barrick Gold complete deal
Published by Jessica Casey,
Editor
Global Mining Review,
Skeena Resources Ltd has announced that it has closed the previously announced transaction with Barrick Gold Corp.’s wholly-owned subsidiary, Barrick Gold Inc. Skeena now owns 100% of the Eskay Creek gold-silver project located in the Golden Triangle of northwest British Columbia, Canada.
At closing, Barrick was issued units of Skeena comprised of an aggregate:
- 22.5 million common shares of Skeena.
- Warrants representing the right to acquire an additional 11.25 million common shares of Skeena.
On the closing of the transaction (5 October 2020) Barrick holds a total of 24 075 000 common shares of Skeena, or 12.4% of Skeena’s currently issued and outstanding common shares.
Read the article online at: https://www.globalminingreview.com/finance-business/07102020/skeena-resources-and-barrick-gold-complete-deal/
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