Business
Seabridge Gold Announces a C$7.8 Million Cross-Border Public Offering of Common Shares
Seabridge Gold Announces a C$7.8 Million Cross-Border Public Offering of Common Shares ...
About this update from Seabridge Gold Inc
[{"type":"text","content":"\n\n\n\nSeabridge Gold Announces a C$7.8 Million Cross-Border Public Offering of Common Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSeabridge Gold Announces a C$7.8 Million Cross-Border Public Offering of Common Shares\nCanada NewsWire\nTORONTO, April 22, 2016\n\n\n\nTrading Symbols: TSX: SEA NYSE: SA\n\n\n\nTORONTO, April 22, 2016 /CNW/ - Seabridge Gold Inc. (TSX:SEA)(NYSE: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. \n\nThe 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. \n\nThe Company intends to use the net proceeds from the Public Offering to continue to advance the Company's KSM Project and for general corporate purposes. \n\nA preliminary prospectus supplement dated April 21, 2016 to the Company's short-form base shelf prospectus dated November 26, 2014 in respect of the Public Offering has been filed with the securities regulatory authorities in the Provinces of British Columbia, Alberta and Ontario and with the United States Securities and Exchange Commission (\"SEC\") under the Company's registration statement on Form F-10 under the multi-jurisdictional disclosure system.  A final prospectus supplement in respect of the Public Offering will be filed with the same regulatory authorities in Canada and the United States.\n\nThe Public Offering is expected to close on or a...