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Share Name Share Symbol Market Type
TSXV:SDS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Seair Announces Approval by Debentureholders to Amendments to the Trust Indenture

14/05/2014 10:49pm

Marketwired Canada


Seair Inc. (TSX VENTURE:SDS) ("Seair" or the "Company") is pleased to announce
that at an extraordinary meeting of Debentureholders held on May 14, 2014 the
previously announced amendments to the trust indenture dated October 31, 2012
between Seair and BNY Trust Company of Canada ("BNY"), as supplemented by the
first supplemental trust indenture dated October 31, 2013 (together, the "Trust
Indenture") representing the existing 8% debentures (the "Existing Debentures")
were passed with the requisite majority. The resolutions to amend the terms of
the debentures were passed unanimously by the 82.57% of debentureholders who
cast ballots at the meeting. The Debentureholders approved amendments to




1.  authorize the ranking of the debentures to be issued pursuant to a
    previously announced private placement (the "New Debentures") to be pari
    passu with the Existing Debentures; 
2.  authorize, upon delivery of an irrevocable election by the Company to
    BNY, the payment of interest on the Existing Debentures to be made in
    common shares in the capital of the Company and further providing that
    the Company's right to compel the conversion of the Debentures be
    suspended pending the expiry of such irrevocable election; 
3.  authorize the disposition of all or any portion of the Company's septic
    assets and providing for the use of proceeds for any such disposition;
    and 
4.  authorize and direct BNY to consider and approve any such further or
    consequential changes, amendments or revisions as may be required to be
    made to the Trust Indenture to give effect to the foregoing
    extraordinary resolutions.



Additional information concerning the amendments to the Existing Debentures is
available in the Management Information Circular dated April 5, 2014 and filed
under the Company's profile on the SEDAR website at www.sedar.com on April 8,
2014.


ABOUT SEAIR

Seair Inc. (TSX VENTURE:SDS) is a Calgary based cleantech company. Seair has
commercialized proprietary technology that can diffuse gases, such as oxygen,
ozone and carbon dioxide, into liquids more effectively and with lower power
consumption than the competition. Seair's patented technologies can produce
micron size bubbles that are more efficient than other diffusion technologies
because the diffused gases remain in solution for extended periods of time,
leading to increased productivity and lower operating costs. Seair has been
working with customers in the Oil and Gas industry for over five years.


Seair applications include oil sands SAGD water solutions, frac and produced
water treatment, industrial ponds treatment, mine dewatering/treatment,
end-to-end sewage treatment for permanent residential communities and remote
work camps, golf course irrigation and pond treatment and most recently,
industrial emissions treatment. Parties interested in obtaining further
information or receiving news releases and corporate documents from Seair may
email such requests to info@seair.ca or visit the Seair website at www.seair.ca.


Seair is proud to be recognized as one of the Top 5 Cleantech companies in the
TMX 2012 Venture 50.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Seair Inc.
Jim Laird
CFO
780-477-7188
info@Seair.ca
www.seair.ca

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