Seaway Energy Services Inc.(TSXV:SEW) announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 3,000,000 on October 17, 2017. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one addition common share of the company at an exercise price of CAD 0.30 per share for a period of two years from the date of closing. Finder’s fees will be payable on a portion of the private placement. The transaction is subject to approval from TSX Venture Exchange. The securities issued are subject to a four month hold period.