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SEYMOUR EXPLORATION CORP.
102 - 957 Cambrian Heights Drive
Sudbury, ON P3C 5M6
(the "Company")
NEWS RELEASE
January 20, 2006
Seymour Exploration Announces Share Sale
Sudbury, Ontario – January 20, 2006 – Seymour Exploration Corp. (TSX-V:
SEZ) Further to the Company’s news releases issued January 19, 2006,
the Company reports that certain directors and officers of the Company
have arranged a sale of 2,000,000 shares of the Company, at a price of
$0.27 per share, through the facilities of the TSX Venture Exchange. The
proceeds from this sale will be used to fund a private placement of
2,000,000 units of the Company at a price of $0.25 per unit, each such
unit being comprised of one common share of the Company and one
non-transferable share purchase warrant entitling the holder to the
purchase of an additional common share of the Company for a period of
two years at a price of $0.35.
Proceeds from the private placement will be used to fund working
capital. The private placement is subject to regulatory approval.
FOR FURTHER INFORMATION PLEASE CONTACT:
Seymour Exploration Corp.
Richard Murphy, President and CEO
Tel: (705) 698-1962
Email: rmurphy@seymourexploration.com
957 Cambrian Heights Drive
Suite 102
Sudbury Ontario P3C 5M6
This document may contain forward-looking statements relating to
Seymour Exploration Corporation’s operations or to the environment in
which it operates. Such statements are based on operations, estimates,
forecasts and projections. They are not guarantees of future performance
and involve risks and uncertainties that are difficult to predict and
may be beyond Seymour’s control. A number of important factors could
cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth in
other public filings. In addition, such statements relate to the date on
which they are made. Consequently, undue reliance should not be placed
on such forward-looking statements. Seymour disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, save and
except as may be required by applicable securities laws.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES
NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
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