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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.
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January 26, 2015
08:08 EDTSASeabridge Gold establishes review borad for KSM project
Seabridge Gold announced that it has established an Independent Geotechnical Review Board for its wholly owned KSM Project to review and consider the Project's Tailings Management Facility and Water Storage Dam with a focus on their structural stability and integrity. The IGRB will provide independent oversight, opinion and advice to Seabridge on the design, construction, operational management and ultimate closure of the TMF and WSD. The IGRB will have unimpeded access to all technical data necessary to enable them to assess KSM's TMF and WSD on an ongoing basis to ensure that these structures meet internationally accepted standards and practices which effectively minimize risks to employees, lands and communities.
06:13 EDTSANational Bank of Canada reports 9.5% passive stake in Seabridge Gold
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