UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Amendment No. 6)

 

Under the Securities Exchange Act of 1934

 

SEABRIDGE GOLD INC.

 

(Name of Issuer)

 

Common Stock, No Par Value

 

(Title of Class of Securities)

 

811916105

 

(CUSIP Number)

 

Robert A. Grauman, Esq.
Baker & McKenzie LLP
452 Fifth Avenue

New York NY 10018
(212) 626-4100

 

 

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

August 12, 2014

 

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

           
CUSIP No. 811916105    
           
1. Names of Reporting Persons.      
  FCMI FINANCIAL CORPORATION    
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) o
        (b) o
3. SEC Use Only    
       
4. Source of Funds (See Instructions)      
  WC    
       
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
6. Citizenship or Place of Organization    
       
  ONTARIO, CANADA    
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power    
  -0-    
8. Shared Voting Power    
  5,357,132    
9. Sole Dispositive Power    
  -0-    
10. Shared Dispositive Power    
  5,357,132    
11. Aggregate Amount Beneficially Owned by Each Reporting Person    
       
  5,357,132    
       
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o
13. Percent of Class Represented by Amount in Row (11)    
       
  11.1%    
14. Type of Reporting Person    
       
  CO    
2
 

           
CUSIP No. 811916105    
           
1. Names of Reporting Persons.      
  PAN ATLANTIC BANK AND TRUST LIMITED    
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) o
        (b) o
3. SEC Use Only    
       
4. Source of Funds (See Instructions)      
  WC    
       
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
6. Citizenship or Place of Organization    
       
  BARBADOS    
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power    
  -0-    
8. Shared Voting Power    
  4,802,132    
9. Sole Dispositive Power    
  -0-    
10. Shared Dispositive Power    
  4,802,132    
11. Aggregate Amount Beneficially Owned by Each Reporting Person    
       
  4,802,132    
       
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o
13. Percent of Class Represented by Amount in Row (11)    
       
  9.9%    
14. Type of Reporting Person    
       
  CO    

3
 

           
CUSIP No. 811916105    
           
1. Names of Reporting Persons.      
  ALBERT D. FRIEDBERG    
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) o
        (b) o
3. SEC Use Only    
       
4. Source of Funds (See Instructions)      
  AF, PF    
       
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
6. Citizenship or Place of Organization    
       
  CANADA    
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power    
  21,700    
8. Shared Voting Power    
  5,628,832    
9. Sole Dispositive Power    
  21,700    
10. Shared Dispositive Power    
  5,628,832    
11. Aggregate Amount Beneficially Owned by Each Reporting Person    
       
  5,650,532    
       
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   x
13. Percent of Class Represented by Amount in Row (11)    
       
  11.7%    
14. Type of Reporting Person    
       
  IN    

4
 
           
CUSIP No. 811916105    
           
1. Names of Reporting Persons.      
  NANCY FRIEDBERG    
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) o
        (b) o
3. SEC Use Only    
       
4. Source of Funds (See Instructions)      
  PF    
       
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
6. Citizenship or Place of Organization    
       
  CANADA    
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power    
  29,125    
8. Shared Voting Power    
  271,700    
9. Sole Dispositive Power    
  29,125    
10. Shared Dispositive Power    
  271,700    
11. Aggregate Amount Beneficially Owned by Each Reporting Person    
       
  300,825    
       
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o
13. Percent of Class Represented by Amount in Row (11)    
       
  0.6%    
14. Type of Reporting Person    
       
  IN    
5
 
           
CUSIP No. 811916105    
           
1. Names of Reporting Persons.      
  THE BUCKINGHAM CHARITABLE FOUNDATION    
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) o
        (b) o
3. SEC Use Only    
       
4. Source of Funds (See Instructions)      
  WC    
       
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
6. Citizenship or Place of Organization    
       
  CANADA    
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power    
  250,000    
8. Shared Voting Power    
  -0-    
9. Sole Dispositive Power    
  250,000    
10. Shared Dispositive Power    
  -0-    
11. Aggregate Amount Beneficially Owned by Each Reporting Person    
       
  250,000    
       
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o
13. Percent of Class Represented by Amount in Row (11)    
       
  0.5%    
14. Type of Reporting Person    
       
  OO    
6
 

The Statement on Schedule 13D filed April 1, 2009 filed by FCMI Financial Corporation, a corporation existing under the laws of the province of Ontario, Canada (“FCMI”), Pan Atlantic Bank and Trust Ltd., a Barbados company (“PABTL”), Ms. Nancy Friedberg, an individual, and Mr. Albert D. Friedberg, an individual, as amended by Amendment No. 1 thereto filed November 18, 2009 by FCMI, PABTL, Ms. Friedberg, Mr. Friedberg and by Friedberg Global-Macro Hedge Fund Ltd., a Cayman Island Company (“Global-Macro Fund”) and Friedberg Mercantile Group Ltd., a Canadian corporation (“FMG”) as additional parties to the Schedule 13D, by Amendment No. 2 thereto filed January 22, 2010 by FCMI, PABTL, Ms. Friedberg, Mr. Friedberg, Global-Macro Fund and FMG, by Amendment No. 3 thereto filed July 8, 2013 by FCMI, PABTL, Ms. Friedberg, Mr. Friedberg and The Buckingham Charitable Foundation (“Buckingham” and, together with FCMI, PABTL, Ms. Friedberg and Mr. Friedberg, the “Filing Persons”), by Amendment No. 4 thereto filed December 10, 2013 and by Amendment No. 5 thereto filed July 17, 2014 (as so amended, the “Statement”), relating to the common stock, $0.001 par value (the “Common Shares”), of Seabridge Gold Inc., a Canadian corporation (the “Issuer”), is hereby amended with respect to the items set forth below in this Amendment No. 6. Capitalized terms used herein without definition have the same meanings as those ascribed to them in the Statement.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Schedule 13D is hereby amended by the addition of the following information:

The purchase price of the 200,00 Common Shares acquired by PABTL on July 29 was CDN $ 1,714,280. PABTL obtained the funds used to acquire such Common Shares from its working capital. Between August 1, 2014 and August 18, 2014, PABTL purchased 900,900 Common Shares, as described in Item 5 of this Amendment No. 6. PABTL purchased 802,200 Common Shares in transactions effected in United States dollars (“US$) for an aggregate purchase price of US $8,001,327, and 98,700 Common Shares in transactions effected in Canadian dollars (“CDN$”) for an aggregate purchase price of CDN $1,076,338. PABTL obtained the funds used to acquire such shares from its working capital, including the proceeds of the sale of 4,600,000 Common Shares to National Bank of Canada (“NBC”) described in Amendment No. 5 to the Filing Persons’ Schedule 13D.

Item 4. Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended by the addition of the following information:

PABTL acquired the additional Common Shares reported in this Schedule 13D (Amendment No 6) for investment purposes.

 

Item 5. Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended by the addition of the following information:

On July 29, 2014, PABTL completed the purchase of 200,000 Common Shares from Oberon Capital Corporation in a private transaction for an aggregate purchase price of CDN $1,714,280. For additional information regarding this transaction, see Amendment No. 5 to the Filing Persons’ Schedule 13D filed July 17, 2014.

On July 16, 2014, PABTL entered into Share Purchase Agreement with NBC for the sale of 4,600,000 Common Shares to NBC in a private transaction for an aggregate purchase price of US $39,376,000. PABTL and NBC completed the purchase and sale of such 4,600,000 Common Shares on July 21, 2014. Also on July 16, 2014, PABTL entered into a total return swap transaction with NBC with respect to notional number of 4,600,000 underlying Common Shares. For additional information with respect to these transactions, see Amendment No. 5 to the Filing Persons’ Schedule 13D filed July 17, 2014.

7
 

Between August 1, 2014 and August 18, 2014, PABTL purchased a total of 900,900 Common Shares in open-market transactions on the New York Stock Exchange (“NYSE”) and the Toronto Stock Exchange (“TSX”), as set forth in the following table. Transactions denominated in US$ were effected on the NYSE; transactions denominated in CDN$ were effected on the TSX.

Date   No. of Shares   Price/Share   Total   Price/Share   Total 
 8/1/2014    23,100    US $9.38    US $216,678           
      4,200              CDN $10.29    CDN $43,218 
                            
 8/4/2014    20,600    US $9.26    US $190,756           
                            
 8/5/2014    23,400    US $9.32    US $218,088           
      4,500              CDN $10.18    CDN $ 45,810 
                            
 8/6/2014    46,600    US $9.71    US $452,486           
      7,400              CDN $10.60    CDN $78,440 
                            
 8/7/2014    40,700    US $9.68    US $393,976           
      3,900              CDN $10.58    CDN $41,262 
                            
 8/11/2014    104,300    US $9.76    US $1,017,968           
      12,600              CDN $10.71    CDN $ 134,946 
                            
 8/12/2014    352,900    US $9.85    US $3,476,065           
      38,100              CDN $10.68    CDN $406,908 
                            
 8/13/2014    94,700    US $10.58    US $1,001,926           
      6,600              CDN $11.56    CDN $76,296 
                            
 8/14/2014    81,200    US $10.79    US $876,148           
      6,400              CDN $11.82    CDN $ 75,648 
                            
 8/15/2014    8,200    US $10.63    US $87,166           
      10,700              CDN $11.53    CDN $123,371 
                            
 8/19/2014    6,500    US $10.78    US $70,070           
      4,300              CDN $11.73    CDN $50,439 
                            
 Total:    802,200         US $8,001,327         CDN $1,076,338 
8
 

Item 5 of the Schedule 13D is hereby further amended by deleting the information (including the table provided as part of such information) set forth in Schedule 13D (Amendment No. 5) regarding beneficial ownership of the Issuer’s Common Shares by the Filing Persons, and replacing the deleted information with the following information:

On the date of this Schedule 13D (Amendment No. 6), the Filing Persons are the beneficial owners of, in the aggregate, 5,679,657 Common Shares, representing 11.7% of the Issuer’s outstanding Common Shares. The Filing Persons’ percentage beneficial ownership has been computed as a percentage of 48,386,376 Common Shares outstanding on August 15, 2014, as reported by the Issuer to the Filing Persons in response to an inquiry by them. The number of Common Shares and the percentage of the Issuer’s Common Shares beneficially owned by each Filing Person are as follows:

 

Name

  Shares Directly
Owned
   Percentage
Directly Owned
   Shares Owned
Beneficially
  

Percentage Owned
Beneficially

 
PABTL   4,802,132    9.9%   4,802,132    9.9%
FCMI   555,000    1.1%   5,357,1321   11.1%1
Buckingham   250,000    0.5%   250,0002   0.5%2
Nancy Friedberg   50,825    0.1%   300,8253   0.6%
Albert Friedberg   21,700    0.04%   5,650,5324   11.74

 

 
1Includes 4,802,132 shares owned directly by PABTL.
  
2Voting and dispositive power over the Common Shares held by Buckingham is exercisable by any of its trustees, acting individually. In practice, such authority is exercised solely by Mr. Friedberg and by Ms. Friedberg.
  
3Includes 21,700 shares held in a retirement account for the benefit of Ms. Friedberg, 29,125 shares owned directly by Ms. Friedberg, and 250,000 shares owned directly by Buckingham (see note 2).
  
4Includes 4,802,132 shares owned directly by PABTL, 555,000 shares owned directly by FCMI, 43,400 shares held in a retirement account (21,700 shares for the benefit of each of Mr. Friedberg and Ms. Friedberg), and 250,000 shares owned directly by Buckingham (see note 2). Excludes 29,125 shares owned directly by Ms. Friedberg, the wife of Mr. Friedberg, with respect to which Mr. Friedberg disclaims beneficial ownership.

 

All shares reported as beneficially owned by FCMI, PABTL, Nancy Friedberg, Albert D. Friedberg and Buckingham are presently outstanding. Mr. Friedberg, directly and through his control over FCMI shares held by members of his family and trusts for the benefit of members of his family, may be considered the sole beneficial owner of all of the Common Stock beneficially owned by FCMI. By virtue of his control of FCMI, Mr. Friedberg also may be deemed to possess voting and dispositive power over the shares owned directly by its wholly-owned subsidiary, PABTL. As trustees of Buckingham, each of Mr. Friedberg and Ms. Friedberg possesses voting and dispositive power over the Common Shares owned by Buckingham and may be deemed to share beneficial ownership of such Common Shares. Except for such beneficial ownership by Albert D. Friedberg and by Ms. Friedberg, none of the directors or officers of FCMI or PABTL, and none of the trustees of Buckingham, beneficially own any Common Shares.

Except as described in this Item 5, none of the Filing Persons, and none of their respective directors, officers or trustees has effected any transactions in the Issuer’s Common Shares in the 60 days preceding the filing of this Schedule 13D (Amendment No. 6).

 

Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer

 

For a description of the Forward Purchase and Sale Agreement between PABTL and Oberon Capital Corporation and the documents relating to the total return swap transaction between PABTL and NBC, see Item 6 of Amendment No. 5 to the Filing Persons’ Schedule 13D.

9
 

Signatures

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: August 19, 2014

  FCMI FINANCIAL CORPORATION
     
  By: /s/ Dan Scheiner  
  Name: Dan Scheiner  
  Title: Vice President  
     
  PAN ATLANTIC BANK AND TRUST LIMITED
     
  By: /s/ Robert J. Bourque  
  Name: Robert J. Bourque  
  Title: Managing Director  
     
  ALBERT D. FRIEDBERG, individually
     
  /s/ Albert D. Friedberg  
  Name: Albert D. Friedberg  
     
  NANCY FRIEDBERG, individually
     
  /s/ Nancy Friedberg  
  Name: Nancy Friedberg  
     
  THE BUCKINGHAM CHARITABLE FOUNDATION
     
  By: /s/Albert D. Friedberg  
  Name: Albert D. Friedberg  
  Title: Trustee