VANCOUVER, BC--(Marketwired - June 15, 2017) - Concept Capital Management Ltd. ("Concept") announces that it acquired for a purchase price of C$999,960, direct ownership of 19,999,200 units (the "Units") of Skeena Resources Limited ("Skeena") (
Immediately prior to the Private Placement, Concept owned 45,088,500 common shares of Skeena, representing approximately 8.4% of the issued and outstanding common shares on a non‐diluted basis and 3,000,000 Warrants. Immediately following this transaction, Concept, owned 65,087,700 common shares of Skeena, representing 10.1% of the issued and outstanding common shares of Skeena, and 12,999,600 Warrants. Assuming the exercise of the Warrants in full, Concept would own 78,087,300 common shares, which would represent 12.2% of the then issued and outstanding common shares of Skeena, on a partially‐diluted basis.
The shares were acquired by Concept for investment purposes, and depending on various factors including, without limitation, market and other conditions, increase or decrease Concept's beneficial ownership, control or direction over shares or other securities of the Issuer, through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherwise.
Concept has also prepared an early warning reporting in accordance with the requirements of National Instrument 62‐103 - The Early Warning System and Related Take‐Over Bid and Insider Reporting Issues that will appear under Skeena's profile on www.sedar.com and a copy of which may be obtained by contacting Mr. Hogel, President of Concept, at info@ccm‐ag.com.
Concept Capital Management Ltd.
Trust Company Complex
Majuro, Marshall Islands
President of Concept