Skeena Resources Limited (TSX VENTURE:SKE) proposes to raise $3.0 million by a private placement issuance of up to 30 million Units which will be sold at $0.10 CAD per Unit.
The press release is quoted as saying:
The funds from this financing will be applied to an option payment of $1 million US + VAT on the Company’s Malpica copper-gold-silver-molybdenum project near Mazatlan, Mexico, to commencement of a full Feasibility Study on Malpica, and to working capital of the Company.
