Copper Investing News » Skeena Proposes $3.0 Million Private Placement Financing

Skeena Proposes $3.0 Million Private Placement Financing

February 18, 2010 @ 7:45 pm In Copper Company News

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.

Click here to access the entire press release ^[1]

Click here to access Skeena Resources Corporate Site ^[2]

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URL to article: http://copperinvestingnews.com/1957/skeena-proposes-3-0-million-private-placement-financing/

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Skeena-Proposes-30-Million-Private-Placement-Financing-TSX-VENTURE-SKE-1118145.htm

[2] Click here to access Skeena Resources Corporate Site: http://www.skeenaresources.com/s/Home.asp