TORONTO , Aug. 8, 2014 /CNW/ - Seabridge Gold Inc. ("Seabridge") (SEA.TO) (SA) announced that it has acquired, on behalf of its wholly-owned subsidiary, Seabridge Gold Corporation, 2,896,000 common shares (the "Acquired Shares") of Calico Resources Corp. ("Calico") (CKB.V) upon exercise of 2,896,000 Special Warrants of Calico.
The Acquired Shares represent 4.4% of the outstanding shares of Calico. In total, Seabridge now owns and controls 13,859,477 common shares of Calico, representing 21.2% of the outstanding common shares.
The Acquired Shares were issued in a private transaction.
Seabridge does not presently intend to make further investments in Calico.
A copy of the related early warning report filed with the Ontario , British Columbia and Alberta Securities Commissions may be obtained from the SEDAR website (www.sedar.com) or by contacting Gloria Trujillo of Seabridge at (416) 367-9292.
About Seabridge Gold Inc. 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 more information, visit www.seabridgegold.net.
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