Stratabound closes financing

SB: TSX Venture Exchange

Issued: 65,045,111shares

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 New Brunswick.


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 securities laws.

SOURCE Stratabound Minerals Corp.

For further information:

Stan Stricker, P. Geol, President
403-258-3630
info@stratabound.com
www.stratabound.com

Profil de l'entreprise

Stratabound Minerals Corp.

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