The mining newspaper for Alaska and Canada's North

Seabridge buys SnipGold; Iskut, KSM drilling begins

Seabridge Gold Inc. June 21 said it has purchased all of the outstanding shares of SnipGold Corp. in an all-share arrangement announced in April.

To complete the acquisition, Seabridge issued 695,277 shares, at an exchange ratio of one Seabridge share for 63 outstanding SnipGold shares.

Up to roughly 60,550 additional Seabridge shares may be issuable upon exercise of outstanding options and warran...


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