The financing package from Orion Resource Partners includes four parts:
- $100 million equity investment priced at a premium to Skeena’s five-day volume weighted average share price.
- $200 million gold stream with option to buy back up to two-thirds for a 12-month period after commercial production begins.
- $350 million capital committed and available from a senior secured loan with 1% standby fee and no break fee.
- $100 million cost over-run facility in the form of an additional gold stream subject to the same standby terms as the loan.
“This complete financing package is a result of a competitive and comprehensive process undertaken to find the best financing solution for the company,” Skeena executive chair Walter Coles said in a news release.
“The result is certainty of funding to advance Eskay into production while balancing attractive cost of capital, flexibility, and optionality,” Coles said. “We welcome Orion…
