Toronto, Ontario -(NewsFile Corp. -January 24, 2025) – Sea bridge Inch . (TSX: TSX 🙂 (NYSE: SA) (“”Society“or”Sea bridge“) announced today that it has entered into a controlled offer of capitalSM Sales contract dated January 24, 2025 (“”Sales contract“) With Cantor Fitzgerald & Co. (” “Principal Agent“) and RBC Capital Markets, LLC (together with the Principal Agent,” “Agents“). Pursuant to the sale agreement, the Company shall have the right, at its sole discretion and from time to time during the term of the sale agreement, to sell, through the lead agent, such number of common shares of the Company ( “Common shares“) This would result in total gross revenues from the company of up to USD 100 million (” “Offer“or”Object ™“). Sales of Common Shares, if any, will be made in a “market distribution,” as defined in National Instrument 44-102 – Policy Distributions, directly on the New York Stock Exchange (“NYSE“) OR on any other existing trading market in the United States. No offers or sales of common shares in Canada will be made through the facilities of the Toronto Stock Exchange or other trading markets.
The program may remain in effect until Seabridge’s current US$750 million policy registration statement expires in February 2027. The net proceeds from Facility A™, if any, may be used to advance non-flow through the company’s eligible research and development projects, potential future acquisitions, and for working capital and general corporate purposes.
Seabridge Chairman and CEO Rudi Fronk noted that the company has had similar A ™ facilities for many years. “This Agreement supersedes the prior agreement which has been lapsed. We have found that in the past our A ™ programs have provided us with significant flexibility to raise funds on an efficient basis, when necessary. Any shares issued pursuant to the A ™ are fully disclosed in Our financial reports.”
The offer will be made by means of a prospectus supplement dated January 24, 2025 (“”Prospectus Supplement“) To the existing Canadian Canadian Canadian base prospectus and US registration statement on Form F-10 dated January 17, 2025 (collectively” “Offering documents“). The prospectus supplement will be filed with the securities commissions in Canada and the US Securities and Exchange Commission (” “Sec“). The offering documents will contain important detailed information about the securities being offered. Before you invest, you should read the offering documents and the documents incorporated therein for more complete information about the company and the offering. Copies of the sales agreement and The offering documents will be available free of charge by visiting the company profiles on the Sedar+ website maintained by the Canadian Securities Administrators at https://www.sedarplus.ca or the SEC website at www.sec.gov, as applicable applicable.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will it be a sale of securities in any jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such jurisdiction. .
About Gold Seabridge (NYSE 🙂
Seabridge has a 100% interest in several North American gold projects. Seabridge’s main assets, the KSM Project and its Iskut Project, are located in northwestern British Columbia, Canada’s “Golden Triangle”, the Brave Lake Project is located in the Canadian Northwest Territories, the Snowstorm Project in the Gold Belt of Northern Nevada and The 3 ACES Project is located in Yukon Territory. For a complete breakdown of Seabridge’s mineral reserves and mineral resources by category, visit the company’s website at http://www.seabridgegold.com.
Neither the TORONTO BORK Exchange, the New York Stock Exchange, nor their regulatory service providers accept responsibility for the adequacy or accuracy of this publication.
Forward-looking statements
This news release contains forward-looking statements within the meaning of the United States Private Litigation Reform Act of 1995 and information appearing within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements include, but are not limited to, statements about the anticipated offering of common stock under the A ™ facility, proceeds from sales under the A ™ facility, the anticipated use of proceeds from such sales and the company’s financing options. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: Expects, plans, targets, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions, and estimates, resource and reserve estimates are also forward-looking statements. Forward-looking statements include references to events or conditions that may, may or may occur, including with respect to the use of the proceeds of the offering. These forward-looking statements are necessarily based on numerous estimates and assumptions that, while believed to be reasonable at the time they are made, are inherently subject to various risks and uncertainties that could cause actual events or results to differ materially from those reflected in the forward-looking statements. , including, without limitation: uncertainties associated with raising sufficient financing to finance the planned work in a timely manner and on acceptable terms; changes in the planned work resulting from logistical, technical or other factors; The possibility that the results of the work will not meet the projections/expectations and realize the perceived potential of the company’s project; the uncertainties involved in interpreting the results of drilling and other tests and estimating gold reserves and resources; the risk of accidents, equipment breakdowns and labor disputes or other unexpected difficulties or interruptions; the possibility of environmental protection issues on the company’s projects; the possibility of cost overruns or unexpected costs in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; Fluctuations in the price of gold and other risks and uncertainties, including those described in the Company’s December 31, 2023 Annual Information Form filed with Sedar in Canada (available at www.sedarplus.ca) and the Company’s 40-F Annual Report filed with the SEC on Edgar ( available at www.sec.gov/edgar.shtml).
On behalf of the board
“Rudy Fronk”
President and CEO
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