SB: TSX Venture Exchange
CALGARY, Feb. 24 /CNW/ - Stratabound Minerals Corp. (TSXV: SB) is pleased to report the closing of a non-brokered private placement,
announced on February 17, 2011, with a Company insider for 2,000,000
flow-through shares at $0.25 per share for gross proceeds of $500,000.
No finders' fees were paid. The shares issued on this closing are
subject to a hold period under applicable securities laws which will
expire on June 25, 2011.
The Company plans to use the proceeds of this financing to further its
exploration programs on its New Brunswick properties.
About Stratabound Minerals Corp.
Stratabound is a Canadian natural resource company exploring and
developing gold and base metal properties in eastern Canada. It is
currently focused on building a resource base in the
infrastructure-rich, world-class Bathurst Mining District of northern
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 material 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
SOURCE Stratabound Minerals Corp.
For further information:
Stan Stricker, P. Geol, President