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Seabridge Gold Announces a Cross-Border Public Offering of Common Shares and a Concurrent C$10.8 Million Bought Deal Flow-Through Equity Financing
Seabridge Gold Announces a Cross-Border Public Offering of Common Shares and a Concurrent ...
About this update from Seabridge Gold Inc
[{"type":"text","content":"\n\n\n\nSeabridge Gold Announces a Cross-Border Public Offering of Common Shares and a Concurrent C$10.8 Million Bought Deal Flow-Through Equity Financing\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nSeabridge Gold Announces a Cross-Border Public Offering of Common Shares and a Concurrent C$10.8 Million Bought Deal Flow-Through Equity Financing\nCanada NewsWire\nTORONTO, April 21, 2016\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES/\n\nTrading Symbols:TSX: SEANYSE: SA\n\n\n\nTORONTO, April 21, 2016 /CNW/ - Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) (the \"Company\" or \"Seabridge\") announced today that it has filed a preliminary prospectus supplement to the Company's short-form base shelf prospectus dated November 26, 2014 with the securities regulatory authorities in each of 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 in connection with a cross-border public offering (the \"Public Offering\") of common shares of the Company (the \"Common Shares\"). \n\nThe Public Offering will be conducted through a syndicate of underwriters led by Canaccord Genuity Corp. (the \"Underwriters\"). The pricing and number of securities will be determined in the course of marketing.  The Company will grant the Underwriters an over-allotment option to purchase additional Common Shares, exercisable at any time up to 14 days after and including the closing of the Public Offering at the offering price in the Public Offering.\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\nThe Company also announced today that it has entered into an agreement with the Underwriters whereby the Underwriters have agreed to purchase, on a bought deal basis, 450,000 flow-through Common Shares (the \"Flow-Through Shares\") at a price of C24.08 per Flow-Through Share (a 30% prem...