Seabright Resources private placement

A private placement by way of an offering memorandum has been announced by Seabright Resources.

The private placement consists of a minimum of 100 units and a maximum of 600 units with a minimum subscription requirement of two units per subscriber.

Each unit is priced at $10,000 and consists of the right to one class A share for each $18.50 of the unit subscription price.

The corporation intends to expend $9,000 of the unit subscription price on expenditures which are expected to qualify as Canadian Exploration Expenses.

The remaining $1,000 of the unit subscription price will be applied by the corporation to pay the agents’ commission, if any, and direct expenses of the offering.

The offering has been approved by the TSE and the ME.