Investment Summary

Seabridge Gold Invests In SnipGold

On April 18, 2016, Seabridge Gold invested in metals/mining company SnipGold for 10M CAD

Investment Highlights
  • This is Seabridge Gold’s 1st transaction in the Metals/Mining sector.
  • This is Seabridge Gold’s largest (disclosed) transaction.
  • This is Seabridge Gold’s 1st transaction in Canada.
  • This is Seabridge Gold’s 1st transaction in British Columbia.

Investment Summary
Date 2016-04-18
Target SnipGold
Sector Metals/Mining
Investor(s) Seabridge Gold
Deal Type Acquisition Financing
Deal Value 10M CAD
Advisor(s) Primary Capital LLC (Financial)
DuMoulin Black (Legal)

Target

SnipGold

Vancouver, British Columbia, Canada
SnipGold Corp. is an exploration company focused on exploration in the golden triangle area of northwestern B.C. SnipGold's primary asset is a contiguous block of ground in excess of 286 sq km in size which has been consolidated through a series of transactions that began in 2005.

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Investor(S) 1

Investor

Seabridge Gold

Toronto, Ontario, Canada
Category Company
Founded 1979
Sector Metals/Mining
Revenue 17M CAD (2023)
DESCRIPTION

Seabridge Gold 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. Seabridge Gold was founded in 1979 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Acquisition Financing) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 Kerr-Sulphurets-Mitchell project

British Columbia, Canada

Kerr-Sulphurets-Mitchell project deposit has proven and probable reserves of 2.2 billion tonnes at an average grade of 0.55 grams per tonne of gold (38.5 million ounces), 0.21% copper (10 billion pounds), and 3.04 grams per tonne silver (214 million ounces).

Sell CA$30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-30 Golden Predator Mining - 3 Aces Gold Project

Yukon Territory, Canada

Golden Predator Mining Corp.'s 3 Aces Gold Project is a district scale, an orogenic-gold project consisting of 1,734 claims covering 357 km² (35,700 ha) located in a readily accessible part of southeastern Yukon (see map). The target concept for this project is consistent with some of the biggest and richest gold deposits in the world, including the California Mother Lode Belt, Juneau Gold Belt, Murentau in Uzbekistan and Obuasi in Ghana.

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