Business
Seabridge Gold Closes $17.0 Million Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONST...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold Closes $17.0 Million Private PlacementNOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWSToronto, Ontario--(Newsfile Corp. - August 2, 2019) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (the \"Company\" or \"Seabridge\") announced today that it has closed its previously announced non-brokered private placement with a single purchaser for one million common shares of the Company at a price of $17.02 per share for gross proceeds of $17,020,000. No commissions were payable on this transaction. The proceeds from the financing will be used to fund general working capital requirements.The financing was made by way of private placement and the issued shares are subject to a four-month hold period expiring on December 3, 2019. Seabridge has granted the private placee an option to purchase an additional 200,000 common shares at the same price until August 22, 2019. This press release is not an offer of common shares for sale in the United States. The common shares may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the US. Securities Act of 1933, as amended (the \"U.S. Securities Act\") and applicable U.S. state securities laws. Seabridge will not make any public offering of the securities in the United States. The common shares have not been and will not be registered under the U.S. Securities Act, or any state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.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. ...