Seabridge Gold Issued Common Shares and Special Warrants of Calico Resources

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Seabridge Gold Inc. (SEA.TO) has been issued 6,433,000 common shares and 4,567,000 special warrants of Calico Resources Corp. after Calico exercised its option to acquire a 100% interest in the Grassy Mountain Project from Seabridge.

The acquired shares represent 15.3% of the outstanding shares of Calico. The acquired shares together with the special warrant shares, if issued, would represent 23.5% of the outstanding shares of Calico.

Seabridge intends to exercise its special warrants to the extent they become exercisable from time to time. Seabridge does not presently intend to make further investments in Calico.


SEA shares gained a penny to $15.19.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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