Seabridge Gold to List on
the New York Stock Exchange Under Symbol "SA"
Seabridge Gold to List on the New York
Stock Exchange Under Symbol "SA"
starts April 10th
Wednesday, 4th April 2012
Toronto, Canada...Seabridge Gold announced today that it has been
authorized to list its common shares on the New York Stock Exchange
("NYSE"). Seabridge expects to begin trading on the NYSE on April 10,
2012 under the same symbol "SA" that it currently uses on the
Seabridge President and CEO Rudi Fronk said
"Over the past several years our projects have grown in size to where
Seabridge is now one of the largest companies in the world in terms of gold
reserves. We are delighted to join the ranks of the world's most significant
gold companies on the NYSE. This listing will provide a better platform to
raise our international profile and expand our investor base."
Seabridge has notified the AMEX of its intention
to transfer to the NYSE and accordingly Seabridge will cease trading on AMEX
upon its common shares commence trading on the NYSE. Seabridge will retain its
listing on the Toronto Stock Exchange under the trading symbol "SEA".
Seabridge holds a 100% interest in several North
American gold projects. The Company's principal assets are the KSM property
located near Stewart, British Columbia, Canada and the Courageous Lake gold
project located in Canada's Northwest Territories. For a breakdown of Seabridge's
mineral reserves and mineral resources by category please visit the Company's
website at http://www.seabridgegold.net/resources.php.
All reserve and resource
estimates reported by the Corporation were calculated in accordance with the
Canadian National Instrument 43-101 and the Canadian Institute of Mining and
Metallurgy Classification system. These standards differ significantly from the
requirements of the U.S. Securities and Exchange Commission. Mineral resources
which are not mineral reserves do not have demonstrated economic viability.
This news release
includes certain forward-looking information within the meaning of Canadian
securities legislation and "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact included in this
release, including, without limitation, statements regarding : (i) the amount
of mineral reserves and mineral resources in total and relative to other
companies; and (ii) the anticipated benefits of, and the timing of, the NYSE
listing, and other future plans and objectives of the Company, are
forward-looking statements that involve various risks and uncertainties. All
forward-looking statements are based on current beliefs as well as various
assumptions and interpretations made by the Company and information currently
available to it. There can be no assurance that such statements or the
underlying beliefs, assumptions, interpretations or information will prove to
be accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's estimates, intentions, plans or
expectations include resource and reserve estimation issues, regulatory issues
and statutory changes, market prices, availability of capital and financing,
general economic, market or business conditions, timeliness of government or
regulatory approvals and other risks detailed herein and from time to time in
the filings made by the Company with securities regulators. We caution readers
not to place undue reliance on these forward-looking statements as a number of
important factors could cause the actual outcomes to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates assumptions
and intentions expressed in such forward-looking statements. These risk factors
are described in Seabridge's Annual Information Form filed with SEDAR in Canada
(available at www.sedar.com) for the year ended December 31, 2011 and in the
Corporation's Annual Report Form 40-F filed with the U.S. Securities and
Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities legislation.