ICN issues shares to Seabridge Gold Inc.
ICN Resources Limited announces that as per a previously announced amended Option Agreement with Seabridge Gold Inc. and its wholly-owned subsidiary, Seabridge Gold Corporation, ICN will issue 1,750,000 common shares to Seabridge at a price of $0.30 per share in lieu of making the final cash payment of CDN $525,000 for the 100% purchase of the Hog Ranch property located in northwestern Nevada.
Carl Icahn ended a hostile takeover attempt of Commercial Metals after failing to win over shareholders, sending shares tumbling in premarket trading Wednesday.