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TORONTO, ONTARIO--(Marketwire - Oct. 10, 2012) - Seafield Resources Ltd. ("Seafield" or the "Company") (TSX VENTURE:SFF) is pleased to announce that it has increased the size of its private placement financing (the "Private Placement") previously announced on October 4, 2012. The Company will now offer up to 20,000,000 units for gross proceeds of $2,600,000, increased from 13,000,000 units for gross proceeds of $1,690,000. Each unit issued pursuant to the Private Placement will be comprised of one common share of the Company and one half of one common share purchase warrant. Each warrant shall be exercisable to acquire one Common Share of the Company at an exercise price of $0.20 per share for a period of 2 years. |
