Seasif Exploration arranges $100,000 private placement

Executive Summary

• Seasif Exploration Inc. intends to complete a non-brokered private placement for aggregate gross proceeds of up to $100,000.
• The offering will consist of up to five million common shares priced at $0.02 per share.
• Net proceeds are earmarked for project advancement, completing the company's financial statement audit, and general corporate purposes.

Key Details

• Gross Proceeds: Up to $100,000
• Security Type: Common shares
• Quantity: Up to 5,000,000 common shares
• Price per Share: $0.02
• Structure: Non-brokered (the company may pay finders' fees to eligible arm's-length parties)
• Use of Proceeds:
  • Assessing and advancing potential project opportunities
  • Completing the audit of the company's financial statements
  • General and administrative purposes
• Statutory Hold Period: Four months and one day from the date of issuance
• Conditions to Closing: Subject to regulatory and stock exchange approvals