Past year: ▲ 14%(33.46 – 53.75 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
9 May 2006asset acquisition disposition▲ GoodMajor
Bought out Falconbridge's option to earn 65% of Kerr-Sulphurets for 200,000 shares and up to 2.0 million conditional warrants, taking the project back to 100% and planning a 2006 program to test the Mitchell gold zone. This is the transaction that makes KSM wholly Seabridge's, and Mitchell is the zone that becomes the core of it.
21 Apr 2006capital raising announcement● NeutralMajor
Closed a C$8.44 million placement of 875,000 shares at C$9.65, with insiders taking 205,000 of them - 161,500 through Pan Atlantic Bank and Trust, controlled by Albert D. Friedberg, then the largest shareholder. Friedberg entities are still buying Seabridge placements a decade later. Proceeds were for the Noche Buena acquisition and drilling.
5 Apr 2006business combination▲ GoodMajor
Agreed to buy the Noche Buena gold project in Sonora, Mexico from Hecla Mining for US$4,350,000 in cash, after commissioning its own technical report on it.
21 Feb 2006drilling progress report● Neutral
Identified a new target at the Four-Mile Basin property in Nevada and designed a 2006 program to test it - one of the small US properties later folded into Wolfpack Gold.
17 Nov 2005drilling progress report● Neutral
Planned a 15,000 metre drill program at Courageous Lake, funded by a $3.1 million flow-through financing - the fourth flow-through round in fifteen months.
21 Oct 2005capital raising announcement● Neutral
Closed the $5.0 million private placement.
3 Oct 2005capital raising announcement● Neutral
Arranged a $5.0 million private placement, the largest raise in the record to that point.
2 Mar 2005capital raising announcement● Neutral
Closed the $2.1 million flow-through financing for the Courageous Lake drill program.
22 Feb 2005resource reserve update▲ Good
A new technical report by SRK added 1,729,000 tonnes at 2.97 g/t (165,000 ounces) of inferred resources at the 100%-owned Red Mountain project in British Columbia, a 34% increase, and said there was room for more.
17 Feb 2005drilling progress report● Neutral
Arranged a $2.1 million flow-through financing to pay for a drill program at Courageous Lake.
14 Jan 2005resource reserve update● Neutral
Filed a technical review of the Courageous Lake property by Resource Modeling Inc, the consultant that goes on to build every Seabridge resource model for the next decade.
8 Sept 2004capital raising announcement● Neutral
Raised $2.25 million in flow-through shares to fund exploration at Courageous Lake. The first financing in the record, and the template for two decades of them.
