24 July 2019
Seabridge Gold Inc. announced today that it has secured a non-brokered private placement from a single purchaser for one million common shares of the Company at a price of $17.02 per share for gross proceeds of $17,020,000. No commissions are payable on this transaction. The proceeds from the financing will be used to fund general working capital requirements.
The private placement is expected to close on or about August 2, 2019 and is subject to customary closing conditions including, but not limited to, the approval of the TSX and the NYSE. 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 Canada. Seabridge has granted the private placee an option to increase the size of the private placement by an additional 200,000 common shares exercisable until August 22, 2019.
This press release is not an offer of common shares for sale in the United States. The common shares may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the US. Securities Act of 1933, as amended (the “U.S. Securities Act”) and applicable U.S. state securities laws. Seabridge will not make any public offering of the securities in the United States. The common shares have not been and will not be registered under the U.S. Securities Act, or any state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.