Financing ·
Seabridge Gold executed an unsecured, short-term loan agreement with a strategic investor for up to US$100 million to…
SASeabridge Gold Inc
Seabridge Gold executed an unsecured, short-term loan agreement with a strategic investor for up to US$100 million to support work programs at its 100% owned KSM Project. The facility bears a 7% annual interest rate compounded monthly and matures on December 31, 2026. The loan is drawable in minimum increments of US$10 million and is repayable in cash or, at the company's option and subject to TSX approval, in common shares at maturity. Seabridge Gold is a gold mining company operating North American gold projects.