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April 19, 2016
NR: 16-06
Skeena Resources Limited (TSX.V: SKE) ('Skeena' or the 'Company') has been informed that Eros Resource Corp. (TSX.V: ERC) ('Eros'), subject to TSX Venture Exchange approval, will convert its $1.5 million loan into 25,000,000 Skeena common shares at a deemed price of $0.06 per share. In June of 2015, Eros originally earned an interest in the Spectrum property for a $1.5 million demand loan to be applied towards eligible exploration expenditures. The loan was convertible into Skeena shares at Eros' option. (See news release dated June 2, 2015.)
About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company involved in the acquisition, exploration and development of prospective base and precious metal properties throughout western Canada. The Company's primary activities at present are the evaluation of the high-grade Spectrum gold project and adjacent bulk-tonnage GJ copper-gold project, located in the prolific Golden Triangle of northwestern B.C. The Company recently optioned the Snip mine from Barrick Gold Corp., which is also located in the Golden Triangle. Skeena's management includes a highly experienced team of mine-finders, including Ron Netolitzky, Chairman, who was inducted into the Canadian Mining Hall of Fame in 2015.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
Walt Coles Jr., President & CEO
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
For Further Information Contact: Walt Coles Jr., President & CEO or
Tony Perri - Investor Relations, Manager
Suite 650, 1021 W. Hastings St. Vancouver, B.C., Canada V6E 0C3
Tel: (604) 684-8725 Fax: (604) 558-7695 Email: [email protected]
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Eros Resources Corp.
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CODE : ERC.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eros Resources is a exploration company based in Canada. Eros Resources is listed in Canada. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.3 millions, € 1.2 millions). Its stock quote reached its highest recent level on December 08, 2017 at CA$ 0.23, and its lowest recent point on March 27, 2024 at CA$ 0.04. Eros Resources has 41 866 354 shares outstanding. |