Sea Green Capital Corp. Closes Financing of $500,000 with the MineralFields Group

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[{"type":"text","content":"\nSea Green Capital Corp. Closes Financing of $500,000 with the MineralFields Group\n\n(via Thenewswire.ca)\n\n \nTORONTO, ONTARIO, August 18, 2011 - Sea Green Capital Corp. (TSX VENTURE:SGS) (\"Sea Green\" or the \"Company\") is pleased to announce the closing of a non-brokered private placement of $500,000 with the MineralFields Group (the \"Offering\"). Sea Green issued 10,000,000 flow-through units (the \"FT Units\") at a price of $0.05 per FT Unit. Each flow-through unit is comprised of 1 common share and one-half of one non-flow-through share purchase warrant, with each whole warrant being exercisable into a common share at an exercise price of $0.15 for a term of 18 months.\n\n\n \nA cash finder's fee of $30,000, to Limited Market Dealer Inc., representing 6% of the gross proceeds of the Offering, was paid by Sea Green in connection with the Offering as well as the issuance by Sea Green of a non-transferable option (the \"Finder Option\") to acquire 800,000 units of Sea Green (the \"Finder Units\"). The Finder Option is exercisable into Finder Units for a period of 18 months following the closing of the Offering at an exercise price of $0.05 per Finder Unit. Each Finder Unit will consist of one common share of Sea Green and one-half of one common share purchase warrant of the Company, with each whole warrant being exercisable into a common share at an exercise price of $0.15 for a term of 18 months.\n\n\n \nThe gross proceeds of the Offering will be used by Sea Green for exploration of its Zeus and CO properties in the Yukon and its properties in the Casa-Berardi Region of Quebec.\n\n\n \nThe securities issued pursuant to the Offering will be subject to a four month hold period from the date of closing of the Offering.\n\n\n \n\"We are very pleased to be entering into this relationship with MineralFields Group\", said Alexader MacKay, President and CEO. \"This is an important milestone in the growth of Sea Green Capital Corp. and we look forward to working with MineralFields Group as we develop our holdings in the Yukon Territories.\"\n\n\n \nAbout the MineralFields Group\n\n\n \nMineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships ...

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