| Seabridge Gold Renews Shelf Prospectus and Refiles Certain Disclosure Documents | |
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TORONTO, Nov. 28, 2014 /PRNewswire/ - The Company announced today that it has filed a final short form base shelf prospectus with the securities commissions in each of the provinces of Ontario, Alberta and British Columbia, and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission (SEC). This filing renews the shelf prospectus that had previously been filed and will allow Seabridge to make offerings of common shares up to an aggregate total of Cdn$100 million during the 25-month period that the base shelf prospectus remains effective. The common shares may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include at-the-market distributions, public offerings or strategic investments. After reviewing Seabridge's disclosure documents in connection with its review of the preliminary base shelf prospectus filed by Seabridge in July, 2014, the Ontario Securities Commission required Seabridge to file revised versions of the KSM Pre-Feasibility Study report of June, 2012 and the Courageous Lake Pre-Feasibility Study report of September, 2012 in order to state the economic evaluation in each report on an after-tax basis. The economic evaluation in those reports had been prepared on a pre-tax basis, which was considered customary at the time of their initial filing. Accordingly, Seabridge has used the same capital and operating cost estimates contained in the original reports and has estimated the amount of the provincial mineral taxes payable on production from the projects and the provincial and federal corporate taxes payable on estimated profits from the projects and has incorporated those amounts into an after-tax economic evaluation. The Revised KSM Pre-Feasibility Study and the Revised Courageous Lake Pre-Feasibility have now been filed on SEDAR (available at www.sedar.com). Since the filing of the initial version of the KSM PFS Report, Seabridge has also filed a Technical Report supporting an initial resource estimate for the Deep Kerr zone. The revised KSM PFS Report therefore also includes a summary of the Deep Kerr Resource Report. In addition, because the original pre-tax economic evaluations of the KSM and Courageous Lake Projects were summarized in Seabridge's most recent Annual Information Form (AIF), Seabridge has revised and refiled its AIF to reflect the after-tax economic evaluations presented in the revised technical reports on SEDAR, as well as to update certain of the information in the AIF. The Revised AIF is also available at www.sedar.com and on EDGAR at www.sec.gov. Finally, information on the Seabridge website, including its corporate presentations, referred to the pre-tax economic evaluations and did not include, in all cases, all of the details required by NI 43-101. This information has been revised to include the additional information required by NI 43-101. |
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Seabridge Gold Inc.
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DEVELOPMENT STAGE |
CODE : SA |
ISIN : CA8119161054 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Seabridge Gold is a gold development stage company based in Canada. Seabridge Gold develops gold, copper, molybdenum and silver in Canada, and holds various exploration projects in Canada. Its main assets in development are RED MOUNTAIN, KERR (KSM), SULPHURETS, COURAGEOUS LAKE, MITCHELL ZONE and QUARTZ MOUNTAIN in Canada and its main exploration properties are KING'S RIVER, CASTLE-BLACK ROCK and HOG RANCH in Canada. Seabridge Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 889.0 millions as of today (€ 778.8 millions). Its stock quote reached its lowest recent point on December 29, 2000 at US$ 0.12, and its highest recent level on April 17, 2024 at US$ 15.47. Seabridge Gold has 57 467 118 shares outstanding. |