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Seabridge to buy Snowfield for US$100M

Seabridge Gold has agreed to purchase the Snowfield gold project near its KSM copper-gold project in British Columbia, Canada, from Pretium Resources for US$100 million, a 1.5% net smelter royalty (NSR) and a future contingent payment of $20 million

Seabridge to buy Snowfield for US$100M Seabridge to buy Snowfield for US$100M Seabridge to buy Snowfield for US$100M Seabridge to buy Snowfield for US$100M Seabridge to buy Snowfield for US$100M

Seabridge Gold's KSM project in British Columbia, Canada

The company has also entered into an agreement with Cantor Fitzgerald Canada as lead underwriter and sole book-runner for a $105 million bought deal financing of 6.1 million shares priced at $17.