Corporate ActionJun 4, 2026, 09:22 AM
Seabridge Gold Completes Spin-Out of Valor Gold Corp.
AI Summary
Seabridge Gold Inc. announced the closing of its previously announced spin-out transaction of Valor Gold Corp. effective June 3, 2026. The transaction involved transferring Seabridge's 100% interest in the Courageous Lake gold project to Valor. Shareholders received new Seabridge shares and Valor shares in exchange for their existing Seabridge shares. Trading of old Seabridge shares is expected to be suspended on June 4, 2026, with new Seabridge shares and Valor shares listing on June 5, 2026.
Key Highlights
- Seabridge Gold completed the spin-out of its Courageous Lake gold project to Valor Gold Corp. on June 3, 2026.
- Each Seabridge share was exchanged for one new Seabridge share and one Valor share for approximately every 1.957 Seabridge shares held.
- Approximately 55,000,000 Valor Shares were issued and outstanding post-transaction.
- Old Seabridge Shares to be suspended from trading on TSX and NYSE on June 4, 2026.
- New Seabridge Shares to be listed on TSX and NYSE on June 5, 2026, under ticker SEA and SA respectively.
- Valor Shares expected to be listed on TSX on June 5, 2026, under ticker VGC.
Price Impact
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