Seabridge Gold Inc T.SEA

Alternate Symbol(s): SA

Metals & Mining Gold

Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties, with an emphasis on gold resources, located in Canada and the United States. The Company holds a 100% interest in several North American gold projects. Its principal assets, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's Golden Triangle, the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. The KSM Project is an undeveloped gold project. Iskut is a 294 square kilometers property located approximately 20 kilometers (km) east of KSM. 3 Aces is a 314 square kilometer property located in southeastern Yukon. The project is a district-scale, orogenic gold project. Snowstorm is a 103 square kilometer property located at the intersection of three major Nevada gold belts. Grassy Mountain is its non-core asset.

TSX:SEA - Post by User

Seabridge Gold Inc

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Comment by Wuggyon Dec 14, 2012 1:27pm

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Post# 20731722

RE: RE: Oh well.

Royal Gold Increases KSM Royalty Option by Acquiring an Additional $18 Million in Seabridge Common Shares at 15% Premium to Market
Thursday, 13th December 2012
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"Toronto, Canada - Seabridge Gold Inc. ("Seabridge" or the "Company", NYSE:SA, TSX:SEA) announced today that Royal Gold, Inc. ("Royal Gold") has exercised its option (the "Share Option") to acquire, by way of private placement, C$18 million in Seabridge treasury shares at a 15% premium to the volume weighted average trading price of Seabridge shares on the TSX for the five day period ending December 11, 2012 as per the original agreement. The private placement consists of 1,004,491 Seabridge common shares at a price of C$17.92 each. There were no fees or commissions payable on this private placement..."

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