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Seabridge Gold Announces Full Exercise of Over-Allotment Option
US$115.7 Million Bought Deal Financing Expected to Close on December 9 Toronto, Ontario--(Newsfile Corp. - December 8, 2020) - Seabridge Gold Inc. (TSX: SEA) (N
About this update from Seabridge Gold Inc
[{"type":"text","content":" US$115.7 Million Bought Deal Financing Expected to Close on December 9 Toronto, Ontario--(Newsfile Corp. - December 8, 2020) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (\"Seabridge\" or the \"Company\") announced today that the underwriters of its previously announced bought deal financing (the \"Offering\") of 6,100,000 common shares (\"Common Shares\") have fully exercised their option to purchase an additional 610,000 Common Shares (the \"Option Shares\"), at a price of US$17.25 per Option Share less underwriting commission. Closing of the financing, including the issue of the Option Shares, is expected to occur prior to market open on December 9, 2020. Cantor Fitzgerald Canada Corporation is acting as lead underwriter and sole book-runner on behalf of itself and a syndicate of underwriters including B. Riley Securities, Inc., Canaccord Genuity Corp., Roth Capital Partners, LLC and Red Cloud Securities Inc. The net proceeds of the Offering will be used by the Company to fund the purchase from Pretivm Resources Inc. of the Snowfield Property, which was announced on December 4, 2020. The Offering proceeds will pay the entire US$100 million up front cash payment payable in respect of the acquisition of the Snowfield Property, the expenses related to the acquisition of the Snowfield Property and any surplus funds will be used for general working capital. The Offering is being made by way of a prospectus supplement (the \"Prospectus Supplement\") to the Company's Canadian base shelf prospectus (the \"Base Shelf Prospectus\") dated December 3, 2020 and the Company's related U.S. registration statement on Form F-10 (SEC File No. 333-251081) (the \"Registration Statement\"), as amended. The Canadian Prospectus Supplement (together with the related Canadian Base Shelf Prospectus) is available on SEDAR at www.sedar.com. The United States Prospectus Supplement (together with U.S. Base Shelf Prospectus and the Registration Statement) is available on the SEC's website at www.sec.gov. Alternatively, the Prospectus Supplement may be obtained upon request by contacting the Company or Cantor Fitzgerald Canada Corporation in Canada, attention: Equity Capital Markets, 181 University Avenue, Suite 1500, Toronto, ON, M5H 3M7, email: [email protected]; Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 499 Park Avenue, 6th Floor,...