Deutsche Balaton Aktiengesellschaft Announces Filing of Early Warning Report

HEIDELBERG, Germany, Oct. 01, 2024 (GLOBE NEWSWIRE) -- On September 30, 2024, Sparta AG ("SP”), Joint Actor of Deutsche Balaton Aktiengesellschaft ("DB”) transferred 3,706,260 Common Shares of Skeena Resources Limited (TSX: SKE) (the "Issuer”) to its wholly owned subsidiary SPARTA Invest AG ("SPI”), representing 3.48% of the issued and outstanding Common Shares of the Issuer. There was no consideration paid as the Shares were transferred as non-cash contribution into the capital reserve of SPI.

Immediately prior to the transaction DB and the Joint Actors together held 10,907,430 Common Shares representing 10.23% of the issued and outstanding Common Shares of the Issuer. Immediately following the transaction DB and the Joint Actors together held 10,907,430 Common Shares representing 10.23% of the issued and outstanding Common Shares of the Issuer.