Seair Inc. announces acquisition of 6,166,666 common shares by Mr. Dale Laniuk
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CALGARY, Dec. 21, 2012 /CNW/ - Seair Inc. (TSXV: SDS) ("Seair") announced today that Dale Laniuk acquired, for investment purposes, ownership or control over 6,166,666 common shares of Seair ("Common Shares"), representing 12.61% of the issued and outstanding Common Shares. Mr. Laniuk acquired 3,833,333 Common Shares at $0.30 per Common Share pursuant to a private placement, and 2,333,333 Common Shares pursuant to the conversion of $700,000.00 in principal amount of convertible debentures at $0.30 per Common Share.
Following the acquisition Mr. Laniuk holds 7,962,066 Common Shares, representing 16.28% of the issued and outstanding Common Shares. Together with family members with whom he resides, Mr. Laniuk has ownership or control over 8,148,732 Common Shares, representing 16.66% of the issued and outstanding Common Shares.
Seair filied a report (as contemplated by National Instrument 62-103 - The Early Warning System and Related Takeover Bid and Insider Reporting Issues) in connection with the acquisition.
Seair Inc. (TSX.V:SDS) develops proprietary equipment that diffuses gases, such as oxygen, ozone and carbon dioxide, into liquids. Seair's patented technologies can produce micron size bubbles which are more efficient than other diffusion technologies. The result is a stable condition, where gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. This, in turn, facilitates gas-based treatment of complex and challenging wastewater and allows Seair to provide full water reuse and closed loop systems.
Seair applications include frac and produced water treatment, efficient treatment of industrial ponds, mine dewatering, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment, and oil sands/SAGD water solutions.
SOURCE: SEAIR Inc.For further information:
John Goetz, Director
(403) 268-7167 (work)