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Message: Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million

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#	Title	Rating	Author / Date
1	Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	2	AGORACOM Jun 25, 09 08:30AM
2	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	2	Zentika Jun 25, 09 10:08AM
3	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	2	Aviator Jun 25, 09 11:21AM
4	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million + Steer	1	teedot Jun 25, 09 11:41AM
5	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	1	angeleyes Jun 26, 09 09:35AM
6	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	2	Aviator Jun 26, 09 11:15AM
7	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	2	culibaly Jun 26, 09 12:57PM
8	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	2	angeleyes Jun 29, 09 09:32AM

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Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million

in response to Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million by angeleyes

posted on Jun 29, 09 10:27AM

You're right 3% does seem somewhat low however I believe that it is a secured financing and like you said the coversion rate is favourable.

#	Title	Rating	Author / Date
10	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	1	Aviator Jun 30, 09 09:32AM
11	Re: Seabridge Gold Agrees to Sell Red Mountain Project for C$12 Million	1	Zentika Jun 30, 09 10:39AM