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SEYMOUR EXPLORATION CORP.
8th floor, 700 West Georgia St.
Vancouver, British Columbia V7Y 1H4
(the "Company")
NEWS RELEASE
August 12, 2005
| TSX Trading Symbol: SEZ |
Telephone: (604) 688-5866 |
| Email: 3mcc@telus.net |
Facsimile: (604) 488-0787 |
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Vancouver, British Columbia – August 12, 2005 – Seymour
Exploration Corp. (TSX-V: SEZ); The board of directors of Seymour
Exploration Corp. (the “Company”) are pleased to report the completion
of a non-brokered private placement announced on June 30, 2005. Pursuant
to the terms of the private placement, the Company has issued 1.5
million units consisting of 816,668 flow-through units at 20 cents per
flow-through unit and 683,332 non-flow-through units at a price of 20
cents per non-flow-through unit, for gross proceeds to the Company of
$300,000. Each flow-through unit consists of one flow-through common
share and one-half of one common share purchase warrant; one whole
warrant entitles the holder to purchase one non-flow-through common
share of the Company at a purchase price of 30 cents per share for a
period of 12 months. Each nonflow- through unit consists of one
non-flow-through common share and one common share purchase warrant; one
whole warrant entitles the holder to purchase one non-flowthrough common
share of the Company at a purchase price of 30 cents for a period of 12
months.
The Company paid $4,800 in finder’s fees and 24,000 finder’s warrants
in respect of the financing. Each finder’s warrant entitles the holder
to purchase one non-flow-through common share of the Company at a
purchase price of 30 cents for a period of 12 months.
Shares issued pursuant to this private placement, including any
shares issued as a result of the exercise of share purchase warrants,
will be subject to a four month hold period expiring December 12, 2005.
ON BEHALF OF THE BOARD
“Richard Murphy”
Richard Murphy, President and CEO
This document may contain forward-looking statements relating to
Seymour Exploration Corporation’s operations or to the environment in
which it operates. Such statements are based on operations, estimates,
forecasts and projections. They are not guarantees of future performance
and involve risks and uncertainties that are difficult to predict and
may be beyond Seymour’s control. A number of important factors could
cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth in
other public filings. In addition, such statements relate to the date on
which they are made. Consequently, undue reliance should not be placed
on such forward-looking statements. Seymour disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, save and
except as may be required by applicable securities laws.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES
NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
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