Daily Traders Edge

Seabridge Gold Announces a C$7.8 Million Cross-Border Public Offering of Common Shares

April 22
13:24 2016

[PR Newswire] – TORONTO, April 22, 2016 /CNW/ – Seabridge Gold Inc. (SEA.TO)(SA) (the “Company” or “Seabridge”) announced today that in connection with its previously announced cross-border public offering (the “Public Offering”) of common shares of the Company (the “Common Shares”) on April 21, 2016, it has entered into an underwriting agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and including National Bank Financial Inc. and Paradigm Capital Inc., (together, the “Underwriters”) to sell 450,000 Common Shares at a price of C$17.40 per Common Share for aggregate gross proceeds of C$7,830,000. The Company will grant the Underwriters an over-allotment option to purchase up to an additional 50,000 Common Shares at a price of C$17.40 per common share, exercisable, in whole or in part, at any time up to 14 days after and including the closing date of the Public Offering for additional gross proceeds of up to C$870,000.

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