Seaway Energy Services Inc. announce that it has closed the non-brokered private placement Pursuant to the offering, a total of 7,610,000 units were sold at a price of $0.05 per Unit for gross proceeds of $380,500. In connection with the close of the private placement, the Company announced that it has appointed Brendan Purdy as Chief Executive Officer (CEO) and Ryan Cheung as Chief Financial Officer (CFO) of the Corporation. Mr. Purdy replaces Kyle Stevenson and Mr. Cheung replaces Michal Holub whom have resigned to focus on other business interests.

Brendan Purdy, J.D., is a practicing securities lawyer focused on the resource sector. In his private practice, he has developed extensive experience with respect to public companies, capital markets, reverse takeovers and other facets fundamental to the natural resources sector. Ryan Cheung, CPA, CA, will leverage his experience as a director and/or officer and consultant for both public and private companies where he provided advice on all aspects of financial reporting, taxation and strategic guidance.

The company also announced that Richard Stevenson and Brian Morrison have resigned as Director of the company to pursue other professional interests.