New PEA for Seabridge's KSM Is a Game-Changer

Paradigm Capital, Seabridge Gold, Oct. 26, 2016

Paradigm Capital Inc. (PCI) is a research-driven, independent, institutional equity investment dealer focused on sectors and companies that have attractive long-term secular growth prospects.

The analyst (and associate) certify that the views expressed in this report accurately reflect their personal views about the subject securities or issuers. No part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendations expressed in this research report.

Analysts are compensated through a combined base salary and bonus payout system. The bonus payout is determined by revenues generated directly or indirectly from various departments including Investment Analysts are not directly compensated for specific Investment Banking transactions.

Paradigm Capital Inc. has assumed an underwriting liability for, and/or provided financial advice for consideration to Seabridge Gold during the past 12 months. Paradigm Capital Inc. expects to receive or intends to seek compensation for investment banking services from Seabridge Gold in the next 3 months.

Paradigm's disclosure policies and research distribution procedures can be found on our website.