Seabridge Gold Inc.
NYSE Amex : SA

Seabridge Gold Inc.

February 19, 2010 17:50 ET

Seabridge Gold Announces Offering of Common Shares

TORONTO, CANADA--(Marketwire - Feb. 19, 2010) - Seabridge Gold Inc. (the "Company") (TSX:SEA)(NYSE Amex:SA) announced today that it has filed a preliminary prospectus supplement to its short form base shelf prospectus filed with the securities commissions in each of the provinces of Ontario, Alberta and British Columbia, and a corresponding shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"), pursuant to which it intends to offer 2,500,000 common shares. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 375,000 common shares to cover over-allotments, if any.

The Company intends to use the net proceeds of the offering to fund the exploration and development of the Company's mineral properties, notably the Courageous Lake Project, and for general corporate purposes.

Dahlman Rose & Company, LLC and Nomura Securities International, Inc. are acting as joint book-running managers for the offering and CI Capital Markets Inc. is acting as underwriter for the offering in Canada.

A copy of the preliminary prospectus supplement and the accompanying base shelf prospectus relating to the offering may be obtained by accessing the SEC website at, by accessing the website maintained by the Canadian securities regulatory authorities at, or by contacting the underwriters, in the United States,

c/o Dahlman Rose & Company, LLC
Attn: Prospectus Dept.
142 West 57th Street, 18th Floor
New York, NY 10019
Phone: 212-702-4521
Fax: 212-920-2952


c/o Nomura Securities International, Inc.
Attn: Yukimi Tachibana
Two World Financial Center, Building B
New York, NY 10281

and in Canada,

c/o CI Capital Markets Inc.
Attn: Charles Pennock
181 Bay Street, Suite 900
PO Box 779, Toronto, ON, M5J 2T3

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the accompanying base shelf prospectus or the Company's shelf registration statement.

About the Company:

Seabridge holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories.

Statements in this news release relating to the proposed offering and the anticipated use of proceeds are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: the need to negotiate an underwriting agreement with the underwriters; uncertainties related to satisfaction of the closing conditions to the offering and the other risks and uncertainties described in the Company's prospectus supplement. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made.


Rudi Fronk, President & C.E.O.

Contact Information

  • Seabridge Gold Inc.
    Rudi P. Fronk
    President and C.E.O.
    (416) 367-9292
    (416) 367-2711 (FAX)