Mr. Rudi Fronk reports
SEABRIDGE GOLD ACQUIRES AN ADDITIONAL 2,896,000 COMMON SHARES OF CALICO RESOURCES CORP. UPON EXERCISE OF SPECIAL WARRANTS
Seabridge Gold Inc. has acquired, on behalf of its
wholly owned subsidiary, Seabridge Gold Corp., 2,896,000 common
shares of Calico Resources Corp. upon the exercise of 2,896,000 special warrants of Calico.
The acquired shares represent 4.4 per cent of the outstanding shares of Calico.
In total, Seabridge now owns and controls 13,859,477 common shares of
Calico, representing 21.2 per cent 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 Securities Commission,
B.C. Securities Commission and Alberta Securities Commission may be obtained
from SEDAR, or by contacting Gloria Trujillo of Seabridge at 416-367-9292.
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