This article is 3 years old. Images might not display.
The rest of the proceeds are to go towards general administration and corporate purposes.
The agreement with Raymond James Ltd is for the purchase of about 4.96 million shares at a price of C$6.05.
Skeena's share price was C$6.58 on 19 September, giving the company a market capitalisation of C$459.23 million.
Skeena is focused on revitalising the Eskay Creek mine in the Golden Triangle of northwest British Columbia, Canada, which was once the world's highest-grade gold mine and fifth-largest silver mine by volume.
It produced 3.3 million ounces of gold and 160 million oz of silver at average grades of 45g/t gold and 2,224g/t silver from 1994 to 2008.
