VANCOUVER, BC / ACCESSWIRE / July 27, 2020 / Skeena Resources Limited (TSX.V:SKE)(OTCQX:SKREF) (“Skeena” or the “Company”) is pleased to announce the appointment of Mr. Greg Beard to the Board of Directors of the Company as an independent director, pending approval by the TSX Venture Exchange.
Mr. Beard has over 25 years of investment management experience. Most recently he was Global Head of Natural Resources, Senior Partner and Member of the Management Committee at Apollo Global Management in New York where he oversaw all investment activities in the energy, metals and mining and agriculture sectors. During his 10 years with Apollo, Mr. Beard managed over $11 billion of investments into the natural resources sector.
Previously, Mr. Beard was at Riverstone Holdings, an energy-focused private equity firm, as a founding member and managing director. He began his career as a financial analyst at Goldman Sachs, where he played an active role in principal investment activities. Mr. Beard currently serves on the board of directors of DoublePoint Energy and EP Energy. Mr. Beard received his Bachelor of Arts degree from the University of Illinois at Urbana.
Skeena’s CEO, Walter Coles Jr. commented, “As Skeena transitions from an exploration company toward development and eventually mine production, we are fortunate to have someone of Greg’s caliber join our Board. His broad business background in the natural resource sector will undoubtedly benefit the company and our shareholders as we chart our growth strategy for the months and years ahead.”
The Board of Directors has granted Mr. Beard 300,000 incentive stock options. The options will have a term of 5 years, expiring on July 27, 2025. The options shall vest over a 24-month period with one third of the options vesting immediately, one third after 12 months and one third after 24 months. Each option will allow the holder to purchase one common share in the Company at a price of C$2.92. Any shares issued on the exercise of these stock options will be subject to a four month hold period, calculated from the date of the option grant.