Stratabound announces private placement, director resignation
SB: TSX Venture Exchange
Issued: 78,412,611 shares
CALGARY, Jan. 2, 2014 /CNW/ - Stratabound Minerals Corp. (TSXV: SB) ("Stratabound" or the "Company") announces that it is, subject to exchange approval, undertaking a non-brokered private placement of 4,000,000 units priced at $0.05, each unit consisting of one share and one-half warrant exercisable for 3 years at $0.05. Proceeds will be used for general working capital and exploration on the Company's New Brunswick properties.
On January 1, 2014 Edward G. Thompson resigned from the board of Stratabound along with all other board positions he held in the junior mineral exploration sector to seek more enjoyable pursuits. The Company thanks him for his years of service.
Neither 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, 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.
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