Seabridge Gold Sells Residual Noche Buena Project Interest for US$10.12 Million
December 16 2010 - 4:22PM
Marketwired
Seabridge Gold (TSX: SEA)(NYSE Amex: SA) announced today that it
has completed the sale of its remaining interest in the Noche Buena
project to Minera Penmont, S. de R.L. de C.V. ("Penmont") for
US$10.12 million in cash (see News Release dated October 28, 2010).
Penmont is a joint venture between Fresnillo plc. and Newmont USA
Limited, a wholly owned subsidiary of Newmont Mining Corporation.
Dahlman Rose & Co., LLC acted as advisors to Seabridge for this
transaction.
Seabridge holds a 100% interest in several North American gold
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. For a
breakdown of Seabridge's mineral resources by project and resource
category please visit the Company's website at
http://www.seabridgegold.net/resources.php.
ON BEHALF OF THE BOARD
Rudi Fronk, President & C.E.O.
Contacts: Seabridge Gold Inc. Rudi P. Fronk President and C.E.O.
(416) 367-9292 (416) 367-2711 (FAX) info@seabridgegold.net
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