10:22 AM EST, 02/19/2025 (MT Newswires) -- Seabridge Gold ( SA ) closed $100 million in financing, including an $80 million bought deal offering and a $20 million private placement with an undisclosed strategic investor.

The bought deal, co-led by RBC Capital Markets and Cantor Fitzgerald Canada, was for 6.54 million shares at $12.25 each, while the private placement consisted of 1.64 million shares on similar terms subject to a four-month hold period, Seabridge said Wednesday in a statement.

The company plans to use net proceeds for costs related to the KSM gold-copper project in northeast British Columbia and general corporate purposes.

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