Seabridge Gold closes $17.0 million private placement

2 August 2019

Seabridge Gold Inc. announced today that it has closed its previously announced non-brokered private placement with 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 were payable on this transaction. The proceeds from the financing will be used to fund general working capital requirements.
The financing was made by way of private placement and the issued shares are subject to a four-month hold period expiring on December 3, 2019. Seabridge has granted the private placee an option to purchase an additional 200,000 common shares at the same price 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.