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Mining News: Northern Neighbors: Seabridge buys SnipGold; Iskut, KSM drilling begins

Seabridge Gold Inc. June 21 said it has purchased all of the outstanding shares of SnipGold Corp. in an all-share arrangement announced in April. To complete the acquisition, Seabridge issued 695,277 shares, at an exchange ratio of one Seabridge share for 63 outstanding SnipGold shares. Up to roughl…