Monday, March 1, 2010

Seabridge Gold (AMEX:SA) Public Offering Price

Seabridge Gold Public Offering

Seabridge Gold (AMEX:SA) announced late last week that it has an underwriting agreement in place to make a public offering of 2.5 million common shares, priced at $22.90 a share.

At that price the company would raise just above $57 million, depending on whether or nt the over-allotment option is exercised by the underwriters.

Seabridge says it will use the funds for further exploration and development, along with general unnamed purposes.

Seabridge Gold Public Offering

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