Sea Green Capital Corp.

Sea Green Capital Corp.

January 10, 2005 12:43 ET

Sea Green Capital Corp. Announces Completion Of Flow-Through Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SEA GREEN CAPITAL CORP.

TSX VENTURE SYMBOL: SGS

JANUARY 10, 2005 - 12:43 ET

Sea Green Capital Corp. Announces Completion Of
Flow-Through Financing

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2005) - Sea Green Capital
Corp. (TSX VENTURE:SGS) (the "Corporation" or "Sea Green") is pleased to
announce that it has completed the second tranche of its previously
announced flow-through financing. Together with the first tranche, the
company issued 662,400 flow-through units for gross proceeds of $99,360.
Each flow-through unit consists of one flow-through share and one half
of one common share purchase warrant (a "Warrant"), with each whole
warrant entitling the holder to purchase one additional common share at
a price of $0.25 per share for a two year period from the date of
closing.

The Shares and any shares issued on exercise of the Warrants are subject
to restrictions on transfer for a period of four months from closing.

The use of proceeds will be to finance further exploration of Sea
Green's mineral properties at Casa Berardi, Dieppe, Collet and Leberge
Townships of Quebec.

The Corporation is also pleased to announce that Alex Falconer, C.A. has
been appointed to the board of directors of the Corporation. Alex will
be replacing Elizabeth Kirkwood who has resigned her position on the
board of directors of the Corporation. The Corporation is appreciative
of Elizabeth's valuable contribution to the Corporation.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sea Green Capital Corp.
    R. Brian Murray
    President and CEO
    (416) 985-7810
    The TSX Venture Exchange has not in any way passed upon the merits of
    the matters disclosed herein, and has not approved or disapproved the
    contents of this press release.