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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (3066)	1/31/2003 8:37:03 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 5423

Toronto, Ontario – January 29, 2003. Friedberg Mercantile Group, through the Friedberg Foreign Bond Fund and the Friedberg Total Return Fixed Income Fund Ltd., has recently acquired 500,000 Common Shares of Seabridge Gold Inc. (TSX-V:SEA). On a fully-diluted basis, Friedberg Mercantile Group and its Affiliates, therefore hold 5,763,880 such Common Shares or securities convertible into same, representing 22.92%. These shares have been acquired at a price of $3.10 each, in a private transaction with one investor, and for investment purposes only.