New Issue: Stratabound Minerals seals C$1.08 million private placement of shares

By Devika Patel

Knoxville, Tenn., Aug. 17 - Stratabound Minerals Corp. said it has completed a C$1.08 million oversubscribed non-brokered private placement of shares.

The deal priced for C$650,000 in July.

Stratabound Minerals sold 6,527,000 flow-through shares at C$0.10 per share and 5,675,000 non-flow-through shares at C$0.075 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$1,078,325
Agent:	Non-brokered
Settlement date:	Aug. 17
Stock symbol:	TSX Venture: SB
Stock price:	C$0.08 at close Aug. 14
Market capitalization:	C$3.4 million
Common shares
Amount:	C$425,625
Shares:	5,675,000
Price:	C$0.075
Warrants:	No
Flow-through shares
Amount:	C$652,700
Shares:	6,527,000
Price:	C$0.10
Warrants:	No

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