CALGARY, ALBERTA--(Marketwired - May 22, 2014) - Seair Inc. (TSX VENTURE:SDS) ("Seair" or the "Company") is pleased to announce that it closed its private placement of 618 8% Secured, Subordinate, Convertible, Redeemable Debentures (the "Debentures") at a price of $1,000 per Debenture for aggregate gross proceeds of $618,000 (the "Offering").

The Debentures bear interest at a rate of 8.00% per annum payable quarterly. Each Debenture will be convertible at the holder's option into common shares of the Company (the "Common Shares") at any time after the issuance of the Debentures and prior to December 31, 2015 at the conversion price of $0.30 per Common Share, subject to customary anti-dilution adjustments in the event of stock consolidation, stock splits, stock dividends and other such events.

The Debentures will not be listed on the TSX Venture Exchange, however, the Common Shares issuable upon conversion of the Debentures will be listed and will be subject to a four month hold period from the date of closing.

Integral Capital Markets, a division of Integral Wealth Services Limited acted as the sole agent in connection with the private placement and received a commission of $49,440 plus 164,800 broker warrants (the "Broker Warrants") which are exercisable at $0.30 per Common Share. The Broker Warrants will expire December 31, 2015, unless the term of the Debentures is extended, in which case the term of the Broker Warrants will be no more than 24 months from closing of the Offering.

The Company intends to use the net proceeds from the Offering for general corporate purposes.

Completion of the Offering is subject to the receipt of final acceptance of the TSX Venture Exchange.

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. Forward-looking Statements and Information

This news release contains certain statements that may be "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. In particular, but without limiting the foregoing, this news release contains forward-looking statements or information pertaining to, among other things, use of proceeds, receipt of final approval from the TSX Venture Exchange, future growth, business prospects and financing opportunities. Although Seair believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Seair's management on the date the statements are made. Except as required by law, Seair undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

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.