Financings
Seasif Exploration arranges $100,000 private placement
SAF · Price
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