SEABRIDGE GOLD INC (SA) Form 6-K — May 22, 2026
Seabridge Gold Inc. announced that shareholders have approved the spin-out of its Courageous Lake gold project into Valor Gold Corp. The special resolution passed with 99.76% of votes cast, representing approximately 58.5% of outstanding shares. Under the terms of the arrangement, Seabridge will distribute one Valor share for every 1.957 Seabridge shares held.
Key figures
- Spinout ratio
- 1 Valor Share for every 1.957 Seabridge shares
- Shareholder turnout
- 58.51%
- Votes for arrangement
- 62,677,638
- Votes against arrangement
- 151,730
- Valor shares to distribute
- 55,000,000
- Seabridge shares outstanding
- 107,622,939
AI analysis
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