The $100 financing consisted of an $80 million public offering and a simultaneous $20 million private placement.
(February 20, 2025, New York, NY) Carter Ledyard represented long-time client, Seabridge Gold, in its latest strategic financing consisting of two transactions amounting to $100 million. The bought deal offering consisted of 6,540,000 common shares at the price of US$12.25 per share for aggregate gross proceeds of approximately US$80 million. The Carter Ledyard team also simultaneously successfully closed a private placement of 1,640,000 common shares for aggregate gross proceeds of approximately US$20 million.
Carter Ledyard handled the U.S. legal aspects of the deal. Seabridge holds a 100% interest in several North American gold projects. Seabridge’s principal asset, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada’s “Golden Triangle”, the Courageous Lake project is located in Canada’s Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is set in Yukon.
Carter Ledyard’s Chair of Securities practice Guy P. Lander, led the deal with Capital Markets partner, Guy Ben-Ami, supported by associates Paul J. Brown III and Claudia Carbone.