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/
You might also like
Codelco and Hexagon sign agreement to develop and implement advanced technological solutions in mining
Codelco and Hexagon have signed a Memorandum of Understanding (MoU) that sets the foundation for a strategic partnership focused on exploring, developing, validating, and implementing advanced technological solutions throughout the corporation’s operations.