S-8 1 tm249425d1_s8.htm FORM S-8

 

As filed with the Securities and Exchange Commission on April 1, 2024

Registration No. 333-       

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933

 

 

 

SKEENA RESOURCES LIMITED

(Exact name of Registrant as specified in its charter)

 

 

 

British Columbia Not Applicable

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer Identification No.)

 

1133 Melville Street, Suite 2600
Vancouver, British Columbia,

Canada, V6E 4E5

(604) 684-8725

(Address of Principal Executive Offices) (Zip Code)

 

Skeena Resources Ltd. 2023 Omnibus Equity Incentive Plan

Skeena Resources Ltd. Restricted Share Unit Plan

Skeena Resources Ltd. Stock Option Plan, As Amended

(Full title of the plans)

 

C T Corporation System

28 Liberty Street

New York, New York 10005

(Name and address of agent for service)

 

(212) 894-8940

(Telephone number, including area code, of agent for service)

 

 

 

Copy to

 

Ryan J. Dzierniejko

Skadden, Arps, Slate, Meagher & Flom LLP

222 Bay Street, Suite 1750, P.O. Box 258

Toronto, Ontario,

Canada M5K 1J5

(416) 777-4700

Andrew MacRitchie

Skeena Resources Limited

1133 Melville Street, Suite 2600

Vancouver, British Columbia,

Canada V6E 4E5

(604) 684-8725

Bob J. Wooder

Kathleen Keilty

Blake, Cassels & Graydon LLP

1133 Melville Street, Suite 3500

Vancouver, British Columbia,

Canada V6E 4E5

(604) 631-3300

 

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ¨ Accelerated filer ¨
Non-accelerated filer x Smaller reporting company ¨
    Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.    ¨

 

 

 

 

 

 

PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3.Incorporation of Documents by Reference.

 

The following documents or excerpts thereof as indicated, filed by have been filed by Skeena Resources Limited (the “Company,” “SKE,” “us,” “we” or “our”) with the U.S. Securities and Exchange Commission (the “Commission”) are incorporated by reference into this Registration Statement:

 

(a)the Company’s Annual Report on Form 40-F for the fiscal year ended December 31, 2023, filed with the Commission on April 1, 2024;

 

(b)all other reports filed pursuant to Section 13(a) or 15(d) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), since December 31, 2023; and

 

(c)the description of the Company’s Common Shares included in the Company’s Registration Statement on Form 40-F, filed with the Commission on October 22, 2021 (File No. 001-40961), including any amendment thereto filed with the Commission for the purpose of updating such description.

 

All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities offered hereby then remaining unsold, shall be deemed to be incorporated by reference herein and shall be deemed to be a part hereof from the date of the filing of such documents. In addition, any Report on Form 6-K of the Company hereafter furnished to the Commission pursuant to the Exchange Act shall be incorporated by reference into this Registration Statement if and to the extent provided in such document.

 

Item 4.Description of Securities.

 

Not applicable.

 

Item 5.Interests of Named Experts and Counsel.

 

Not applicable.

 

Item 6.Indemnification of Directors and Officers.

 

The Registrant is subject to the provisions of the Business Corporations Act (British Columbia) (the “BCBCA”).

 

Under Section 160 of the BCBCA, an individual who:

 

·is or was a director or officer of the Registrant;

·is or was a director or officer of another corporation at a time when the corporation is or was an affiliate of the Registrant, or at the request of the Registrant; or

·at the request of the Registrant, is or was, or holds or held a position equivalent to that of, a director or officer of a partnership, trust, joint venture or other unincorporated entity,

 

and including, subject to limited exceptions, the heirs and personal or other legal representatives of that individual (collectively, an “eligible party”), may be indemnified by the Registrant against a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, a proceeding (an “eligible penalty”) in which, by reason of the eligible party being or having been a director or officer of, or holding or having held a position equivalent to that of a director or officer of, the Registrant or an associated corporation, (a) the eligible party is or may be joined as a party, or (b) the eligible party is or may be liable for or in respect of a judgment, penalty or fine in, or expenses related to, the proceeding (an “eligible proceeding”) to which the eligible party is or may be liable. Section 160 of the BCBCA also permits the Registrant to pay the expenses actually and reasonably incurred by an eligible party after the final disposition of the eligible proceeding.

 

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Under Section 161 of the BCBCA, the Registrant must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by the eligible party in respect of that proceeding if the eligible party (a) has not been reimbursed for those expenses, and (b) is wholly successful, on the merits or otherwise, in the outcome of the proceeding or is substantially successful on the merits in the outcome of the proceeding.

 

Under Section 162 of the BCBCA and subject to Section 163 of the BCBCA, the Registrant may pay, as they are incurred in advance of the final disposition of an eligible proceeding, the expenses actually and reasonably incurred by an eligible party in respect of that proceeding; provided the Registrant must not make such payments unless it first receives from the eligible party a written undertaking that, if it is ultimately decided that the payment of expenses is prohibited by Section 163, the eligible party will repay the amounts advanced.

 

Under Section 163 of the BCBCA, the Registrant must not indemnify an eligible party against eligible penalties to which the eligible party is or may be liable or pay the expenses of an eligible party in respect of that proceeding under Sections 160, 161 or 162 of the BCBCA, as the case may be, if any of the following circumstances apply:

 

·if the indemnity or payment is made under an earlier agreement to indemnify or pay expenses and, at the time that the agreement to indemnify or pay expenses was made, the Registrant was prohibited from giving the indemnity or paying the expenses by its articles;

·if the indemnity or payment is made otherwise than under an earlier agreement to indemnify or pay expenses and, at the time that the indemnity or payment is made, the Registrant is prohibited from giving the indemnity or paying the expenses by its articles;

·if, in relation to the subject matter of the eligible proceeding, the eligible party did not act honestly and in good faith with a view to the best interests of the Registrant or the associated corporation, as the case may be; or

·in the case of an eligible proceeding other than a civil proceeding, if the eligible party did not have reasonable grounds for believing that the eligible party’s conduct in respect of which the proceeding was brought was lawful.

 

If an eligible proceeding is brought against an eligible party by or on behalf of the Registrant or by or on behalf of an associated corporation, the Registrant must not either indemnify the eligible party against eligible penalties to which the eligible party is or may be liable in respect to the proceeding, or, after the final disposition of an eligible proceeding, pay the expenses of the eligible party under Sections 160, 161 or 162 of the BCBCA, as the case may be, in respect of the proceeding.

 

Under Section 164 of the BCBCA, and despite any other provision of Part 5, Division 5 of the BCBCA and whether or not payment of expenses or indemnification has been sought, authorized or declined under Part 5, Division 5 of the BCBCA, the Supreme Court of British Columbia may, on application of the Registrant or an eligible party, do one or more of the following things:

 

·order the Registrant to indemnify an eligible party against any liability incurred by the eligible party in respect of an eligible proceeding;

·order the Registrant to pay some or all of the expenses incurred by an eligible party in respect of an eligible proceeding;

·order the enforcement of, or any payment under, an agreement of indemnification entered into by the Registrant;

·order the Registrant to pay some or all of the expenses actually and reasonably incurred by any person in obtaining an order under Section 164 of the BCBCA; or

·make any other order the court considers appropriate.

 

Section 165 of the BCBCA provides that the Registrant may purchase and maintain insurance for the benefit of an eligible party or the heirs and personal or other legal representatives of the eligible party against any liability that may be incurred by reason of the eligible party being or having been a director or officer of, or holding or having held a position equivalent to that of a director or officer of, our company or an associated corporation.

 

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The foregoing description is qualified in its entirety by reference to the BCBCA.

 

Under the articles of the Registrant, subject to the provisions of the BCBCA, the Registrant must indemnify a director, former director or alternative director of the Registrant and his or her heirs and legal personal representatives against all eligible penalties to which such person is or may be liable, and the Registrant must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternative director is deemed to have contracted with the Registrant on the terms of the indemnity contained in the Registrant’s articles.

 

Under our articles, and subject to the BCBCA, we may agree to indemnify and may indemnify any person. We have entered into indemnity agreements with all of our directors and officers.

 

Pursuant to our articles, the failure of a director, alternate director or officer of the Registrant to comply with the BCBCA or our articles does not invalidate any indemnity to which he or she is entitled under our articles.

 

Under our articles, we may purchase and maintain insurance for the benefit of any eligible party against any liability incurred by such party as a director, alternate director, officer, employee or agent or person who holds or held an equivalent position.

 

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

 

Item 7.Exemption from Registration Claimed.

 

Not applicable.

 

Item 8.Exhibits.

 

The following exhibits are filed as part of this Registration Statement:

 

Exhibit No. Description

 

4.1Specimen Common Share Certificate

 

4.2Articles of the Company

 

4.3Skeena Resources Ltd. Restricted Share Unit Plan (incorporated by reference to Exhibit 99.65 to the Registrant’s Registration Statement on Form 40-F filed with the Commission on October 22, 2021)

 

4.4Skeena Resources Ltd. Stock Option Plan, As Amended (incorporated by reference to Exhibit 99.67 to the Registrant’s Registration Statement on Form 40-F filed with the Commission on October 22, 2021)

 

4.5Skeena Resources Ltd. 2023 Omnibus Equity Incentive Plan

 

5.1Opinion of Blake, Cassels & Graydon LLP

 

23.1Consent of Blake, Cassels & Graydon LLP (included in Exhibit 5.1 to this Registration Statement)

 

23.2Consent of KPMG LLP

 

23.3Consent of Sedgman Canada Limited

 

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23.4Consent of Global Resource Engineering

 

23.5Consent of Knight Piésold Ltd.

 

23.6Consent of BGC Engineering Inc.

 

23.7Consent of ERM Consultants Canada Limited

 

23.8Consent of Integrated Sustainability Ltd.

 

23.9Consent of Carisbrooke Consulting Inc.

 

23.10Consent of M.A. O’Kane Consultants Inc.

 

23.11Consent of Paul Geddes

 

24.1Power of Attorney (included on page 8 of this Registration Statement)

 

107Calculation of Filing Fee Table

 

Item 9.Undertakings.

 

(a)The undersigned Registrant hereby undertakes:

 

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

 

(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

 

(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and

 

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

 

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.

 

(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act ) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

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(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Vancouver, Province of British Columbia, Country of Canada, on April 1, 2024.

 

  SKEENA RESOURCES LTD.
   
  By: /s/ Andrew MacRitchie
    Name: Andrew MacRitchie
    Title: Chief Financial Officer

 

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POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below authorizes Randy Reichert and Andrew MacRitchie as his or her attorney in fact and agent, with full power of substitution and resubstitution, to execute, in his or her name and on his or her behalf, in any and all capacities, this Registration Statement on Form S-8 and any amendment thereto (and any additional Registration Statement related thereto permitted by Rule 462(b) promulgated under the Securities Act of 1933 (and all further amendments including post-effective amendments thereto)) necessary or advisable to enable the Registrant to comply with the Securities Act of 1933, and any rules, regulations and requirements of the Securities and Exchange Commission, in respect thereof, in connection with the registration of the securities which are the subject of such Registration Statement, which amendments may make such changes in such Registration Statement as such attorney may deem appropriate, and with full power and authority to perform and do any and all acts and things whatsoever which any such attorney or substitute may deem necessary or advisable to be performed or done in connection with any or all of the above-described matters, as fully as each of the undersigned could do if personally present and acting, hereby ratifying and approving all acts of any such attorney or substitute.

 

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

 

Signature   Title   Date
         
/s/ Randy Reichert   Chief Executive Officer and Director
(Principal Executive Officer)
  April 1, 2024
Randy Reichert      
         
/s/ Andrew MacRitchie   Chief Financial Officer
(Principal Financial and Accounting Officer)
  April 1, 2024
Andrew MacRitchie      
         
/s/ Walter Coles Jr.   Director and Executive Chairman of the Board of Directors   April 1, 2024
Walter Coles Jr.    
         
/s/ Suki Gill   Director   April 1, 2024
Suki Gill    
         
/s/ Greg Beard   Director   April 1, 2024
Greg Beard    
         
/s/ Craig Parry   Director   April 1, 2024
Craig Parry    
         
/s/ Nathalie Sajous   Director   April 1, 2024
Nathalie Sajous        

 

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AUTHORIZED REPRESENTATIVE

 

Pursuant to the requirements of Section 6(a) of the Securities Act, the undersigned has signed this Registration Statement, solely in its capacity as the duly authorized representative of the Registrant in the United States, on April 1, 2024.

 

  PUGLISI & ASSOCIATES
(Authorized Representative in the United States)
     
  By:  /s/ Donald J. Puglisi
  Name: Donald J. Puglisi
  Title: Managing Director

 

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