10:22 AM EST - Seabridge Gold : Announced today that its wholly-owned subsidiary, KSM Mining ULC has agreed to sell a secured note that is to be exchanged at maturity for a silver royalty on its 100% owned KSM project located in northern British Columbia, Canada, to Sprott Resource Streaming and Royalty Corp. and Ontario Teachers' Pension Plan for $225 million U.S. (approximately C$285 million at the current exchange rate). The proceeds of this sale will be used to continue ongoing physical works at KSM and advance the project towards a designation of 'substantially started'. Seabridge Gold
shares T.SEA are trading up $0.06 at $21.20.
