CALGARY, ALBERTA — (Marketwired) — 10/23/14 — Seair Inc. (TSX VENTURE: SDS) (“Seair” or the “Company”) is pleased to announce that it has received conditional approval of the TSX Venture Exchange to the extension of the expiry date of its 18,619,106 issued and outstanding common share purchase warrants (“Warrants”). Each Warrant entitled its holder to purchase one common share of the Company at an exercise price of $0.40 per share with an expiry date of October 31, 2014.Effective immediately, the Company has amended the terms of the Warrants to extend the expiry date of all the Warrants to October 31, 2015.
The remaining terms and conditions of the Warrants remain unchanged. The Company will deliver a Letter of Transmittal reflecting the amended expiry date to the registered holders of the Warrants.
ABOUT SEAIR
Seair Inc. (TSX VENTURE: SDS) is a Calgary based cleantech company. Seair has commercialized proprietary technology that can diffuse gases, such as oxygen, ozone and carbon dioxide, into liquids more effectively and with lower power consumption than the competition. Seair–s patented technologies can produce micron size bubbles that are more efficient than other diffusion technologies because the diffused gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair has been working with customers in the Oil and Gas industry for over five years.
Seair applications include oil sands SAGD water solutions, frac and produced water treatment, industrial ponds treatment, mine dewatering/treatment, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment and most recently, industrial emissions treatment. Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to or visit the Seair website at .
Statement Regarding Forward-Looking Information
This news release of Seair contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Seair–s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this document include statements regarding Seair–s expectations regarding the regulatory approval of the Private Placement and closing of the Private Placement. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Seair–s expectations. Seair undertakes no obligation to update these forward-looking statements in the event that management–s beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Seair is proud to be recognized as one of the Top 5 Cleantech companies in the TMX 2012 Venture 50.
Contacts:
Seair Inc.
Jim Laird
CFO
780-960-6040