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

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

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

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

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

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.

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

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	%			5,357,132	1			11.1	%1
Buckingham			250,000				0.5	%			250,000	2			0.5	%2
Nancy Friedberg			50,825				0.1	%			300,825	3			0.6	%3
Albert Friedberg			21,700				0.04	%			5,650,532	4			11.7	4

 

1	Includes 4,802,132 shares owned directly by PABTL.

2	Voting 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.

3	Includes 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).

4

Includes 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.

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