SB: TSX Venture Exchange
Issued: 31,121,484 shares
CALGARY, Oct. 26 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) announces that it has, subject to regulatory approval, engaged Emerging Equities Inc., of Calgary, Alberta, to assist it on a best efforts agency basis in the private placement of up to 1,250,000 shares at $0.40 per share, and up to another 1,250,000 shares at $0.50 per share on a flow-through basis, for a total offering of $1,125,000. Funds will be used for further exploration on its Canadian exploration projects and for general working capital.
Stratabound is a Canadian junior mining and exploration company currently exploring for precious and base metals in several areas of New Brunswick, Quebec and Ontario.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Certain information regarding the Company contained herein may constitute forward looking statements. Forward looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward looking statements. The Company is under no obligation to update or alter any forward looking statement. These risks include operational and geological risks and the ability of the Company to raise necessary funds for exploration. The Company's forward looking statements are expressly qualified in their entirety by this cautionary statement.