Skeena collected proceeds of C$6,767,398 from the sale of 7,519,331 flow-through common shares of the Company at a price of C$0.90 per share (the "Financing"). Hochschild, who was the end purchaser of the shares via a charity flow through swap, acquired the shares at a price of C$0.74 per share. After giving effect to the Financing, Hochschild now owns approximately 8% of Skeena's total issued and outstanding shares. All the securities issued under the Financing are subject to a hold period of four months and one day from the closing of the Financing.