By Sheri Kasprzak
New York, April 4 - Seabridge Gold Corp. said it negotiated a C$8,443,750 private placement.
The offering includes up to 875,000 shares at C$9.65 each.
Pan Atlantic Bank and Trust Ltd., the company's largest shareholder, subscribed for 161,500 shares.
Proceeds will be used for the acquisition of the Noche Buena gold project.
Toronto-based Seabridge is a gold exploration company.
| Issuer: | Seabridge Gold Corp.
|
| Issue: | Stock
|
| Amount: | C$8,443,750
|
| Shares: | 875,000
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| Price: | C$9.65
|
| Warrants: | No
|
| Investors: | Pan Atlantic Bank and Trust Ltd. (for 161,500 shares)
|
| Pricing date: | April 4
|
| Stock symbol: | TSX Venture: SEA
|
| Stock price: | C$10.00 at close April 4
|
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