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Stock Market & Financial Investment News

News Breaks
December 13, 2012
18:21 EDTSARoyal Gold acquires additional C$18M in Seabridge Gold treasury shares
Seabridge Gold (SA) announced that Royal Gold has exercised its option to acquire, by way of private placement, C$18M in Seabridge treasury shares at a 15% premium to the volume weighted average trading price of Seabridge shares on the TSX for the five day period ending December 11, as per the original agreement. The private placement consists of 1,004,491 Seabridge common shares at a price of C$17.92 each. There were no fees or commissions payable on this private placement. By exercising the Share Option, Royal Gold obtains a second royalty option to acquire a further 0.75% net smelter return royalty on all gold and silver production from Seabridge's KSM project. Royal Gold can exercise the second royalty option by electing to acquire the 0.75% NSR within 60 days following Royal Gold's agreement that the KSM project is in receipt of all material approvals and permits, full project financing and certain other conditions and paying Seabridge C$60M in three equal payments over the 18 month period after such election.
News For SA From The Last 14 Days
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October 16, 2014
08:12 EDTSASeabridge Gold reports additional drilling results at KSM Project in Canada
Seabridge Gold announced additional results from this year's drill program at its 100% owned KSM Project in northwestern British Columbia, Canada. Results from the Iron Cap Lower Zone continue to outline a major new gold-copper discovery beneath Iron Cap, one of KSM's four large porphyry deposits. Data from eight new holes and seven holes announced previously are expected to support an initial resource estimate for the Iron Cap Lower Zone scheduled for 1Q15.

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