Re: Seafield Increases Private Placement to $15,000,000

Seafield Resources Ltd

Mazatlan, Mexico - Dryden, n/w Ontario - Fire project, ROF McFauld’s Lake On

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Orange Flash

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Re: Seafield Increases Private Placement to $15,000,000

in response to

Seafield Increases Private Placement to $15,000,000

Silverback

posted on Dec 10, 2010 03:09PM

WELL! I think this just makes the cheese more binding. One the one hand, MAJOR dilution and why give the store away for 50 cents and a full two year warrant. Looks bad.

On the other hand, instos showing considerable confidence by setting up this placement. Looks good, at least for the longer run as SFF will be loaded for its substantial drilling program.

Still holding, but wondering. I guess nobody ever said making money on the Venture was a slam dunk. We're paid for the risk, I suppose. It would be nice to be in the know now and then, though.