Stratabound Announces $200,000 Private Placement
09 Diciembre 2019 - 7:25AM
Stratabound Minerals Corp. (TSXV: SB) (“Stratabound” or “the
Company”) is pleased to announce a non-brokered private placement
(the “Private Placement”) offering of up to $200,000. The
Private Placement will be composed of units (the “Units”) of the
Company. Each Unit consists of one common share and one-half
of one common share purchase warrant (each whole warrant, a
"Warrant"). Each Warrant will be exercisable for one common
share at $0.09 for 24 months from the date of issue. The
Units have been priced at $0.05. The proceeds of the Private
Placement will be used for general corporate purposes.
All securities issued pursuant to the Private
Placement are subject to a statutory hold period of four months
plus a day from the date of issuance in accordance with applicable
securities legislation. Completion of the Offering remains
subject to acceptance by the TSX Venture Exchange. No fees
will be paid with respect to the Private Placement.
About Stratabound
Stratabound Minerals Corp. is a Canadian
exploration and development company focused on gold exploration at
its flagship Golden Culvert Project, Yukon Territory and its new
McIntyre Brook Project, New Brunswick, Canada. The Company
also holds a significant land position that hosts three base metals
deposits in the Bathurst base metals camp of New Brunswick
featuring the Captain Copper-Cobalt Deposit that hosts an NI 43-101
compliant Measured+Indicated resource.
For further information, please see the Golden
Culvert presentation and the NI 43-101 technical report on the
Stratabound web site, www.stratabound.com.
For further information contact:
R. Kim Tyler, President and
CEO416-915-4157info@stratabound.comwww.stratabound.com
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 release.
WARNING: The Company relies upon litigation
protection for “forward looking” statements. The information in
this release may contain forward-looking information under
applicable securities laws. This forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those
implied by the forward-looking information. Factors that may cause
actual results to vary materially include, but are not limited to,
inaccurate assumptions concerning the exploration for and
development of mineral deposits, currency fluctuations,
unanticipated operational or technical difficulties, changes in
laws or regulations, failure to obtain regulatory, exchange or
shareholder approval, the risks of obtaining necessary licenses and
permits, changes in general economic conditions or conditions in
the financial markets and the inability to raise additional
financing. Readers are cautioned not to place undue reliance on
this forward-looking information. The Company does not assume the
obligation to revise or update this forward-looking information
after the date of this release or to revise such information to
reflect the occurrence of future unanticipated events, except as
may be required under applicable securities laws.
Stratabound Minerals (TSXV:SB)
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