Brief: Skeena Resources to acquire Mount Rainey Silver

Skeena Resources

10/08/2016 17:58

Aug 10 (Reuters) - Skeena Resources Ltd  SKE.V : 
    * Skeena to acquire Mount Rainey Silver 
    * Co agreed to issue up to 25.1 million common shares in 
exchange for all of issued and outstanding common shares of 
mount rainey 
    * Rainey shareholders will receive 5.65 common shares of 
skeena for each common share of mount rainey held 
    * Upon completion of arrangement, mount Rainey will become a 
wholly-owned subsidiary of Skeena 
 
Source text for Eikon:  ID:nCCN97pBGf  
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