Skip to main content

Skeena Resources and Barrick Gold complete deal

Published by
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

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Gold mining news Silver mining news Canadian mining news