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Seabridge Gold Announces US$100 Million in Financings Includes US$20 million from Strategic Investor
Seabridge Gold Announces US$100 Million in Financings Includes US$20 million from Strategic Inves...
About this update from Seabridge Gold Inc
[{"type":"text","content":"\n\n\n\n Seabridge Gold Announces US$100 Million in Financings Includes US$20 million from Strategic Investor\n \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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Base Shelf Prospectus Accessible and Prospectus Supplement to be Accessible on SEDAR+\n \n\n\n\n Trading Symbols: TSX: SEA\n \n\n\n NYSE: SA\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Feb. 13, 2025\n \n\n /CNW/ - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (\"Seabridge\" or the \"Company\") announced today it has entered into an agreement with RBC Capital Markets and Cantor Fitzgerald Canada Corporation (together the \"Co-Lead Underwriters\"), as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), to purchase, on a bought deal basis, 6,540,000 common shares of the Company (the \"Offered Shares\") at the price of\n \n US$12.25\n \n per Offered Share (the \"Issue Price\") for aggregate gross proceeds of approximately\n \n US$80 million\n \n (the \"Offering\"). The Underwriters will have an option to purchase up to an additional 15% of the Offered Shares issued in the Offering at the Issue Price to cover over-allotments, exercisable in whole or in part, at any time until 30 days after the closing of the Offering.\n \n\n\n\n\n\n\n\n\n Concurrent with the Offering, Seabridge has also entered into a subscription agreement with a strategic investor (the \"Strategic Investor\") to purchase 1,640,000 common shares of the Company on substantially the same terms as the Offering for aggregate gross proceeds of approximately\n \n US$20 million\n \n (the \"Private Placement\"). Seabridge expects to raise aggregate gross proceeds of approximately\n \n US$100 million\n \n (equivalent to approximately\n \n C$143 million\n \n ) between both the Offering and the Private Placement (together, the \"Financing\").\n \n\n The Financing is expected to close on or about\n \n February 19, 2025\n \n and is subject to certain conditions including, but not limited to, the receipt o...