Providing coverage of Alaska and Northwest Canada's mineral industryApril 2015
| Vol. 20, No. 15 | Week of April 12, 2015 |
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Mining News: Northern Neighbors: Seabridge raises C$16.73M for KSM
Seabridge Gold Inc. April 7 reported completion of a C$16.73 million bought-deal financing. A total of 1.61 million flow-through common shares were sold at a price of C$10.17 per share. Seabridge will use the proceeds from this financing to fund its 2015 exploration program at the KSM copper-gold project in northwestern British Columbia. “We expect this year’s program to once again generate additional gold resources which more than offset the share dilution involved. Growing gold ownership per share continues to be a key objective for Seabridge,” said Seabridge Chairman and CEO Rudi Fronk.
- Shane Lasley
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