Seabridge Gold falls after filing $105 mln mixed shelf offering

Seabridge Gold

04/12/2020 16:09

** Shares of Canadian gold miner  SEA.TO  down 8.5% at
C$22.8 in early trading  
    ** Co files for mixed shelf of up to $105 mln, according to
a regulatory filing (https://bit.ly/33JSIYY)
    ** Co enters into an agreement with Cantor Fitzgerald Canada
Corp under which underwriters have agreed to purchase 6.1 mln
shares at $17.25 apiece
    ** The proceeds from the sale of shares will be used to fund
the purchase of the Snowfield Property from Pretivm Resources
 PVG.TO   urn:newsml:reuters.com:*:nNFC3dZj0H
    ** Including session's loss, stock up ~27% so far this year

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))