Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1350)	5/24/2013 12:43:42 PM
From: Goose94	Read Replies (1) \| Respond to of 202737

(WFP-V) Seabridge (SEA-T) increases holding in Wolfpack to 11.04% May 24, 2013 - News Release Seabridge Gold Inc., as a result of a reverse takeover transaction, has acquired ownership and control of, and now owns a total of, 5,506,500 shares of Wolfpack Gold Corp., representing 11.04 per cent of the outstanding shares of the company. Seabridge is not acting jointly or in concert with any person in respect of the acquisition. Seabridge chairman and chief executive officer Rudi Fronk stated: "Our ownership position in Wolfpack resulted from the divesture of Seabridge's non-core exploration assets in Nevada. Our Nevada assets have taken a back seat as we have focused our work on our two large Canadian assets and we therefore wanted to get them into the hands of a company that could realize their potential value. Wolfpack is a well funded publicly traded company with an experienced exploration team in place. Bill Threlkeld (Seabridge's senior vice-president of exploration) and I have agreed to join the board of Wolfpack to assist management in execution of their exploration programs." The shares were issued to Seabridge upon completion of a reverse takeover transaction between Tigris Uranium Corp. and Wolfpack Gold Corp. under which Tigris acquired all of the issued and outstanding shares of old Wolfpack by way of a three-cornered amalgamation. Under the amalgamation, old Wolfpack amalgamated with a wholly owned subsidiary of Tigris and shareholders of old Wolfpack received one share of the company for each share of old Wolfpack held by them. Tigris then changed its name to Wolfpack Gold Corp. As a result of the amalgamation, Seabridge received 5,506,500 shares of the company in exchange for the 5,506,500 shares of old Wolfpack previously held by Seabridge. Seabridge does not presently intend to make further investments in the company. A copy of the related early warning report filed with the British Columbia Securities Commission, Ontario Securities Commission and Alberta Securities Commission may be obtained from the SEDAR website or by contacting Gloria Trujillo of Seabridge at 416-367-9292.