SDS

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Seair Inc. ("Seair" or the "Corporation") (TSX VENTURE:SDS) is pleased to
announce the appointment of Jeff Seibert as the new CEO of Seair Inc. effective
February 3, 2014. Jeff had a 30-year career with Pall Corporation ("Pall"),
recently as President of Pall Water Processing business which grew from zero to
a large, multi-million dollar business under his leadership. Mr. Seibert was
Pall's global leader for large-scale water systems technology, addressing the
purification requirements for surface, ground, seawater and wastewater sources.
He directed the design, development, manufacturing and sales teams of process
and water-related filtration and separations technologies serving applications
for municipal, industrial, biopharmaceutical, medical and military customers. He
has significant experience in the development, manufacturing and marketing of
water treatment technologies in North America and overseas, including the
development of strategic partnership arrangements and is a named inventor on 3
fluid clarification patents. He is a member of the American Water Works
Association, the American Ground Water Association and the American Society of
Mechanical Engineers.


"We are very excited to have Jeff on board with Seair," said John Goetz,
Chairman of the board of Seair. "Jeff immediately understood the opportunities
for our technologies in the market and we were very impressed with his
international experience in business development and building relationships with
technology companies and end users in the water space."


"I'm looking forward to getting started," said Jeff Seibert. "In my opinion,
Seair has articulated the right strategy of using partnerships to bring its
technology to the world. I'm particularly excited by the number of applications
for Seair's technology - and customers using those applications - that underline
the opportunities that exist for the Corporation to pursue in the immediate
future."


This appointment is subject to all applicable regulatory approvals, including
the approval of the TSX Venture Exchange (the "TSXV").


The Corporation is also pleased to provide an update with respect to its
previously announced agreement with Hobbes & Towne, Inc. ("H&T"). Pursuant to
the terms of the agreement, and subject to receipt of final approval from the
TSXV, the Corporation has agreed to pay H&T a cash fee of $40,000 and to issue
H&T common share purchase warrants (the "Warrants") entitling H&T to acquire up
to an aggregate of 533,333 Common Shares (as defined herein) at an exercise
price of $0.15 per share for the period expiring 24 months from the date of
issue. The securities shall be subject to a hold period of four months and a day
from the date of issuance. 


Private Placement Completed:

Seair is also pleased to announce that it has closed a non-brokered private
placement financing (the "Private Placement") of convertible redeemable
preferred shares, series 1 in the capital of the Corporation (the "Preferred
Shares"). An aggregate of 2,500,000 Preferred Shares were issued at a purchase
price of $0.20 per share for total gross proceeds of $500,000. The Preferred
Shares were issued on a private placement basis and are subject to a statutory
hold period of four months and a day from the closing date of the offering, such
hold period to expire on April 30, 2014. 


The holders of Preferred Shares, in priority to the holders of the junior
shares, shall be entitled to receive, as and when declared by the board of
directors, fixed preferential non-cumulative dividends at the rate of $0.016 per
share per annum.


The Preferred Shares are convertible on a 1:1 basis into common shares in the
capital of the Corporation (the "Common Shares") (i) at any time at the option
of the holder, and (ii) from time to time at Seair's option if the current
market price (as such term is defined in the Corporation's articles of
incorporation) of the Common shares exceeds $0.30 per share. Interested parties
may view or download copies of the details of the preferred shares from
www.SEDAR.com.


The Private Placement satisfies the condition of raising additional equity such
that the Corporation's existing 8% convertible debentures (the "Debentures")
shall have their maturity date extended from December 31, 2013 to December 31,
2015. In addition, the issuance of equity at $0.20 resets the optional
conversion price of the Debentures to $0.26, and the Corporation has the option
to compel conversion if the moving average share price exceeds $0.30 for 20
days.


In connection with the closing of the Private Placement, and subject to the
approval of the TSXV, the Corporation has agreed to pay a cash finder's fee
equal to up to 5% of the Private Placement proceeds to certain parties who
identified investors to the Corporation.


The Private Placement is subject to all applicable regulatory approvals,
including the final approval of the 

TSXV.

FY2013 Year End Results:

Seair also announces that it has filed its annual financial statements and
Management's Discussion and Analysis for the year ended August 31, 2013.
Interested parties may view or download copies of these documents from
www.SEDAR.com. 


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 info@seair.ca or visit the Seair website at www.seair.ca.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Seair Inc.
Jim Laird
CFO
780-477-7188
info@seair.ca
www.seair.com

Grafico Azioni Seair Inc. (TSXV:SDS)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Seair Inc. (TSXV:SDS)
Storico
Da Giu 2023 a Giu 2024