25 June 2014
Wednesday, 25th June 2014
Toronto (Canada) Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) (the "Company") announced today that it has entered into an agreement with a syndicate of underwriters, led by Canaccord Genuity Corp. ("Canaccord-Genuity") and including National Bank Financial Inc. (collectively, the "Underwriters"), whereby the Underwriters have agreed to purchase, on a bought deal basis, 1,000,000 flow-through common shares (the "Flow-Through Common Shares") of the Company at a price of $12.00 per Flow-Through Common Share (a 23.5% premium to today's closing price on the TSX) for gross proceeds of $12 million (the "Offering"). The Company has granted the Underwriters an option to purchase from the Company up to an additional 150,000 Flow-Through Common Shares, at the same price as is applicable to the Offering, exercisable at least one week prior to the closing date. Canaccord-Genuity and Cowen and Company, LLC are acting as financial advisors to the Company on this transaction.