The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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