REGINA, Dec. 8 /CNW/ - Strategic Resources Inc. ("UVR" or "the Corporation"), announces that it is undertaking a non-brokered private placement consisting of up to 10,000,000 units (the "Units") at a price of $0.05 per Unit to qualified investors, to raise up to $500,000. Each Unit consists of one common share and one share purchase warrant exercisable into an additional common share of the Company at a price of $0.10 per share for a period of twenty-four months.
Finders' fees may be paid in accordance with TSX Venture Exchange policies. Proceeds of the offering will be used to advance development of the Corporation's mineral exploration projects in the USA.
About Strategic Resources
Strategic Resources is a Canadian based junior exploration company with uranium/vanadium and rare earth exploration projects in Catron County, New Mexico, Lincoln County, New Mexico, Apache County, Arizona and Malheur County, Oregon. More information about the company is available on line at www.strategicresourcesinc.ca.
Neither the 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.
Forward looking statements:
This news release may contain certain forward-looking inferences or statements. These forward-looking inferences or statements are subject to a variety of risks and uncertainties beyond the Corporation's control or prediction and could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although the Corporation believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.
SOURCE Strategic Resources Inc.
For further information: For further information: Malcolm Bucholtz, President & CEO, T: (306) 525-0852, E: email@example.com