BRIEF-Skeena Resources to acquire Mount Rainey Silver

Wed Aug 10, 2016 1:13pm EDT
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Aug 10 (Reuters) - Skeena Resources Ltd :

* 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: Further company coverage: