By Sheri Kasprzak
New York, Nov. 16 - Seabridge Gold Inc. said it plans to raise C$3,081,250 in a private placement to help fund its expanded 2006 drilling program.
The offering includes 425,000 flow-through shares at C$7.25 each.
The company said on Wednesday that it intends to initiate a 15,000-meter core drill program at its Courageous Lake project in the Northwest Territories in February.
Toronto-based Seabridge is a gold exploration company.
| Issuer: | Seabridge Gold Inc.
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| Issue: | Flow-through shares
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| Amount: | C$3,081,250
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| Shares: | 425,000
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| Price: | C$7.25
|
| Warrants: | No
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| Pricing date: | Nov. 16
|
| Stock price: | C$7.37 at close Nov. 16
|
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