Seabridge Gold Closes C$8.7 Million to Advance KSM Project, B.C.
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Seabridge Gold Inc. has closed its cross-border public offering. The public offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and including National Bank Financial Inc. and Paradigm Capital Inc. for aggregate gross proceeds of C$7,830,000.
The company had also granted the underwriters an option to purchase additional shares at a price for additional gross proceeds of up to C$870,000. This over-allotment option has been exercised in full for total offering gross proceeds of C$8,700,000.
The company intends to use the net proceeds from the public offering to continue to advance its KSM Project and for general corporate purposes.
About Seabridge
Seabridge holds a 100 percent interest in several North American gold resource projects. The company’s principal assets are the KSM Project located near Stewart, British Columbia, Canada and the Courageous Lake Project located in Canada’s Northwest Territories.
To stop by Seabridge’s website, CLICK HERE
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