SFF, Seafield update

Toronto, Ontario, May 6, 2013 – Seafield Resources Ltd. (“Seafield” or the “Company”) (TSX-V: SFF)is pleased to announce that the board of directors of the Company has approved and adopted an Advance Notice By-law (the “By-law”). The By-law sets a deadline by which holders of record of common shares of the Company must submit a notice of director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for it to be valid.

There was no news late April, instead it came  on the 6th of May about a week later in the form of the above announcement.  A change in the by-laws is always bad news as it might mean that the present management feels threatened by outsider shareholders starting some sort of proxy fight. The fairly high volume of trades lately at about 4.5 cents could be an early indicator that something is going on. In Canada you need, I believe, just 5% of the outstanding float to be heard. We will see.