By Devika Patel
Knoxville, Tenn., Oct. 26 - Stratabound Minerals Corp. said it will conduct a C$1.13 million private placement of shares.
The company will sell 1.25 million shares at C$0.40 each and up to 1.25 million flow-through shares at C$0.50 per share.
Proceeds will be used for exploration and for general working capital.
Based in Calgary, Alta., Stratabound Minerals is a natural resource company exploring gold and base metal properties in northern New Brunswick and gold/base metal and diamond/gold prospects in central and northwest Quebec.
| Issuer: | Stratabound Minerals Corp.
|
| Issue: | Shares, flow-through shares
|
| Amount: | C$1.125 million
|
| Pricing date: | Oct. 26
|
| Stock symbol: | TSX Venture: SB
|
| Stock price: | C$0.45 at close Oct. 26
|
|
|
| Shares
|
| Shares: | 1.25 million
|
| Price: | C$0.40
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 1.25 million
|
| Price: | C$0.50
|
| Warrants: | No
|
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