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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (29999)1/17/2007 3:41:38 PM
From: loantech  Read Replies (1) of 78420
 
Strategic Nevada units to be bought by Silver Wheaton

2007-01-17 05:41 ET - News Release

Mr. Neil Linder reports

SILVER WHEATON TO PARTICIPATE IN BROKERED PRIVATE PLACEMENT WITH STRATEGIC NEVADA RESOURCES(TSX-V;SNS)

Strategic Nevada Resources Corp., further to its news issued in Stockwatch dated Jan. 10 and Jan. 12, confirms that Silver Wheaton Corp. intends to subscribe for 3.3 million units of the company's brokered private placement. Upon closing of the company's brokered and non-brokered private placements, and assuming all units are subscribed for, Silver Wheaton will own approximately 12.6 per cent of the company's issued and outstanding common shares on a non-diluted basis. Closing of the offerings is subject to receipt of all regulatory approvals and consents, including the approval of the TSX Venture Exchange, and the completion of satisfactory due diligence by Pacific International Securities Inc. and Research Capital Corp., the agents for the brokered private placement.

We seek Safe Harbor

new.stockwatch.com

I bought today.
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