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Seabridge Gold Closes $14.0 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - November 26, 2018) -   Seabridge Gold Inc. (TSX: SEA)...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold Closes $14.0 Million Private PlacementToronto, Ontario--(Newsfile Corp. - November 26, 2018) -   Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (the \"Company\" or \"Seabridge\") announced today that it has closed its previously announced non-brokered private placement of one million common shares of the Company at a price of $14.00 per share for gross proceeds of $14,000,000. No commissions were payable on this transaction. The proceeds from the financing will be used to fund general working capital requirements and a 2019 drill program at the Company's 100% owned Snowstorm Project located in Nevada. (See our June 12, 2018 news release for information on Snowstorm).The financing was made by way of private placement and the issued shares are subject to a four-month hold period in Canada expiring on March 24, 2019. Seabridge has granted a private placee an option to increase the size of the private placement by an additional 250,000 common shares exercisable until December 24, 2018. Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral reserves and resources by project and category please visit the Company's website at http://www.seabridgegold.net/resources.php. Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.Statements relating to planned exploration work at the Company's projects and on the timing of completion of the private placement are \"forward-looking information\" within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform ...