TORONTO, Dec. 19, 2013 /CNW/ - Chairman and CEO Rudi Fronk announced
today that the Company's Board of Directors has appointed Richard C.
Kraus as an independent director. Mr. Kraus, (age 67), is an
accomplished business leader with a broad range of experience as an
investor, board director, senior executive and business consultant
across multiple industries with an emphasis on mining and natural
resources. He served as CEO (and previously COO and CFO) of Echo Bay
Mines, a major gold mining company that was acquired by Kinross Gold
Corporation in 2003. Mr. Kraus is currently Executive Chairman of The
RMH Group, Inc., a privately owned engineering consulting firm with
more than 100 employees. He is a graduate of LaSalle University in
Business Administration and is also a Certified Public Accountant.
Mr. Fronk noted that the Company has now added three new directors in
the past two years, all of whom have a strong technical background and
extensive experience in the mining industry. "Richard's background will
enable him to make strong contributions to the Board's audit,
compensation and corporate governance procedures. He also brings a
considerable depth of experience in the execution of major corporate
transactions such as joint ventures, acquisitions and divestitures."
To make room for Mr. Kraus, James S. Anthony, one of the Company's
founders and largest shareholders, has agreed to step down from the
Board. "For the past 14 years Jim has served Seabridge's shareholders
as a director, Chairman and a key driver of our corporate strategy. Jim
has agreed to continue to advise Seabridge as a strategic consultant
and I look forward to working with him in a seamless transition. As a
result of Richard's appointment and Jim's retirement as a
non-independent director, the Board's independence has been further
strengthened as currently we have six independent directors out of
eight," said Mr. Fronk.
Seabridge holds a 100% interest in several North American gold resource
projects. The Company's principal assets are the KSM property located
near Stewart, British Columbia, Canada and the Courageous Lake gold
project located in Canada's Northwest Territories. For a breakdown of
Seabridge's mineral reserves and resources by project and category
please visit the Company's website at http://www.seabridgegold.net/resources.php.
ON BEHALF OF THE BOARD
Chairman and CEO
SOURCE: Seabridge Gold Inc.
For further information:
Rudi P. Fronk, Chairman and CEO
Tel: (416) 367-9292 • Fax: (416) 367-2711