SKE - Skeena Resources receives ~C$30.4M from exercise of warrants held by Barrick Gold

Skeena Resources (NYSE:SKE) has received ~C$30.4M from the exercise of 2,812,500 warrants held by Barrick Gold (NYSE:GOLD). The warrants were originally issued to Barrick on Oct. 05, 2020 at C$10.80 exercise price in connection with Skeena's acquisition of 100% of the Eskay Creek gold-silver project  in British Columbia, Canada. Skeena will use the proceeds to fund 60,000 metres of exploration drilling planned for Eskay Creek in 2022. A skid-based drilling program is expected to commence on the project in April, followed by a helicopter supported drilling program consisting of eight diamond drill rigs in June.

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Skeena Resources receives ~C$30.4M from exercise of warrants held by Barrick Gold