North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Seabridge raises $22M to explore KSM, Iskut


Last updated 2/14/2018 at 5:07am

Seabridge Gold Inc. April 28 announced the closing of a C$22 million flow-through financing. As a result, Seabridge issued 1.1 million flow-through shares at C$20 each, which is a 27.7 percent premium to the closing price on the day the offering was announced.

Under Canada's Income Tax Act, a flow-through financing allows mineral exploration companies to transfer their exploration expenses to...

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