/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Feb. 25, 2016 /CNW/ - FCMI Parent Co. ("FCMI Parent") announced today that it has acquired an additional 89,300 common shares of Seabridge Gold Inc. ("Seabridge") representing 0.17% of the outstanding common shares. The common shares were acquired at an average price of US$8.96 per share through the facilities of the New York Stock Exchange. Since the date of its last filing, FCMI Parent together with its affiliates, have now acquired an aggregate of 1,052,035 common shares of Seabridge at an average price of US$7.70 per common share, representing 2.02% of the outstanding shares.
As a result of these acquisitions, FCMI Parent now beneficially owns 2,932,682 common shares representing 5.63% of the outstanding common shares. FCMI Financial Corporation and Pan Atlantic Bank and Trust Limited, affiliates of FCMI Parent, own 694,042 common shares and 6,254,432 common shares, respectively, representing 1.33% and 12.01% of the outstanding common shares. In addition, principals of the Friedberg Mercantile Group Ltd., including Albert D. Friedberg and Nancy Friedberg, and their foundations own in the aggregate 322,525 common shares representing 0.62% of the outstanding common shares. FCMI Parent is ultimately beneficially owned and controlled by Albert D. Friedberg and members of his immediate family. Together, FCMI Parent and its affiliates beneficially own 10,203,681 common shares of Seabridge representing 19.59% of the outstanding common shares.
SOURCE FCMI Parent Co.
For further information: or to obtain copy of the early warning report filed by FCMI Parent, please contact Dan Scheiner at (416) 350-2924. FCMI Parent Co., BCE Place, 181 Bay Street, Suite 250, Toronto, Ontario, M5J 2T3