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Skeena Files Early Warning Report Regarding TDG Gold Corp.
SkeenaSkeena(US:SKE) Globenewswireยท2025-07-21 21:17

Core Viewpoint - Skeena Resources Limited has filed an early warning report regarding its shareholdings in TDG Gold Corp following a significant acquisition of shares as part of a broader financing and acquisition strategy [1][2][3]. Group 1: Share Acquisition Details - On July 14, 2025, Skeena acquired 6,666,667 shares of TDG for a total of C$4,000,000, equating to C$0.60 per share [2]. - The acquisition was part of a larger "bought deal" financing where TDG issued a total of 38,310,000 shares, including non-flow-through and charity flow-through shares [3]. - Following the acquisition, Skeena's ownership increased from 23,000,000 shares (approximately 12.78% of TDG) to 29,666,667 shares (approximately 10.88% of TDG) [5]. Group 2: Acquisition Context - Concurrently with the share purchase, TDG completed the acquisition of Anyox Copper Ltd, exchanging 54,559,565 shares for all outstanding common shares of Anyox [4]. - The transactions, including the share purchase and the acquisition of Anyox, are part of Skeena's investment strategy in TDG [6]. Group 3: Company Background - Skeena Resources is focused on advancing the Eskay Creek Gold-Silver Project, which is expected to be one of the highest-grade and lowest-cost open-pit precious metals mines globally [8]. - The company emphasizes sustainable mining practices and aims to foster positive relationships with Indigenous communities while delivering long-term value [8].