Seabridge Gold se­cures $14-mil­lion pri­vate place­ment

Stockwatch Daily - - FRONT PAGE - Mr. Rudi Fronk re­ports

SEABRIDGE GOLD Inc. has se­cured a non-bro­kered pri­vate place­ment of one mil­lion com­mon shares of the com­pany at a price of $14 per share for gross pro­ceeds of $14-mil­lion. No com­mis­sions are payable on this trans­ac­tion. The pro­ceeds from the fi­nanc­ing will be used to fi­nance gen­eral work­ing cap­i­tal re­quire­ments and a 2019 drill pro­gram at the com­pany’s 100-per-cent-owned Snow­storm project lo­cated in Nevada (see the com­pany’s June 12, 2018, news re­lease for in­for­ma­tion on Snow­storm).

The pri­vate place­ment is ex­pected to close on or about Nov. 23, 2018, and is sub­ject to cus­tom­ary clos­ing con­di­tions, in­clud­ing, but not lim­ited to, the ap­proval of the Toronto Stock Ex­change and the New York Stock Ex­change. The fi­nanc­ing is be­ing made by way of pri­vate place­ment in Canada and the is­sued shares will be sub­ject to a four-month hold pe­riod in Can ada. Seab ridge has granted the pri­vate placees an op­tion to in­crease the size of the pri­vate place­ment by an ad­di­tional 250,000 com­mon shares ex­er­cis­able un­til Dec. 24, 2018.

Seabridge Gold holds a 100-per-cent in­ter­est in sev­eral North Amer­i­can gold re­source projects. The Com­pany’s prin­ci­pal as­sets are the KSM and Iskut prop­er­ties lo­cated near Stew­art, B.C., Canada, and the Coura­geous Lake gold project lo­cated in Canada’s North­west Ter­ri­to­ries.

We seek Safe Har­bor.

Ar­mine Fred­er­ick Ban­field, Rudi P Fronk, Eliseo Gon­za­lez-Urien, Richard Carl Kraus, Jay Scott Lay­man, Cle­ment Ar­mand Pel­letier, John Wil­liam Sabine, Gary A Sugar

(SEA) Shares: 59,434,749

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