Seabridge Gold Announces Closing of $15.7 Million Bought Deal Public Offering of Common Shares
19 April 2017
Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) (the “Company” or “Seabridge”) announced today that it has closed its previously announced bought deal public offering (the “Public Offering”) of common shares (the “Common Shares”). The Public Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and Cantor Fitzgerald Canada Corporation (the “Co-Lead Underwriters”) and including Paradigm Capital Inc., (together with the Co-Lead Underwriters, the “Underwriters”) to sell 1,100,000 Common Shares at a price of $14.30 per Common Share for aggregate gross proceeds of $15,730,000, which includes the full exercise by the Underwriters of the over-allotment option to purchase 100,000 Common Shares. All monetary references are in Canadian dollars.
The Company intends to use the net proceeds from the Public Offering to continue to advance the Company’s KSM and Iskut projects and for general corporate purposes.