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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose941/20/2017 8:46:21 AM
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Stratton Resources (SI-V) Hot on the heels for Trump Effect!

Jan 20th 2017 - NR

Stratton Resources is pleased to announce a non-brokered private placement for up to 20 million common shares of the Company at a price of CAD$0.65 per share for gross proceeds of CAD$13,000,000.

The Company intends to use the net proceeds for precious metal exploration on its projects in Newfoundland, further mineral property acquisitions and general corporate purposes.

The shares under the Offering will be subject to a four-month hold period and will not be registered in the United States. Commission may be paid on certain amounts placed by brokers.

Closing of the Offering is anticipated to occur on or before February 20th, 2017 and is subject to customary closing conditions including, but not limited to; the negotiation, execution of definitive placement agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

About Stratton Resources: Stratton Resources is a junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company's principle asset is a large exploration portfolio located in Newfoundland, Canada. The Company's management team is highly experienced with an impressive track record of success in the discovery, development, financing and monetizing of mining assets for shareholders.

On Behalf of the Board

Shawn Wallace, Chairman and Director

Stratton Resources Inc.
Jay Adelaar
Manager of Investor Relations
(778) 729-0600

strattonresources.com
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