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Stock impact report

ORION MINE FINANCE ANNOUNCES FINANCING TRANSACTIONS WITH SKEENA RESOURCES LIMITED [Yahoo! Finance]

Skeena Resources Limited (SKE) 
Company Research Source: Yahoo! Finance
Finance GP IV LP (" Orion "), sold 7,720,339 common shares (" Common Shares ") of Skeena Resources Limited (" Skeena ") for an aggregate purchase price of C$ 51,374,995.88 , or C$ 6.6545 per Common Share, to Selwyn Lower Holdings (CYM) L.P. (" Selwyn ") (the " Share Sale ") pursuant to a transaction agreement (the " Transaction Agreement ") with Selwyn, OMF Fund IV SPV H LLC and OMF Fund IV SPV J LLC. The Share Sale is being completed as part of a broader syndication transaction between Orion and Selwyn for the development of Skeena's Eskay Creek Project in the Golden Triangle of British Columbia . The Transaction is comprised of a 50% syndication of Orion's interest in a US$350 million senior secured credit facility, a 50% syndication of Orion's interest in a US$300 million gold stream arrangement and the Share Sale. Prior to the closing of the Share Sale, Orion owned 15,440,679 Common Shares, representing approximately 14.4% of Skeena's issued and outstanding Common Shares (base Show less Read more
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