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/