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SDR Stroud Resources Ltd

0.11
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stroud Resources Ltd TSXV:SDR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.11 0.075 0.105 0 20:48:10

Stroud Announces Closing of Private Placement

04/09/2013 10:10pm

Marketwired Canada


Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") announced that it has raised
$138,000 in its previously announced non-brokered private placement of units.
Stroud has issued and sold 6,900,000 units at a price of $0.02 per unit, with
each unit consisting of one common share and one-half of one non-transferable
common share purchase warrant. Each whole share purchase warrant entitles the
holder to acquire one common share at a price of $0.05 until August 30, 2014 and
thereafter at a price of $0.10 until August 30, 2015. All securities issued
pursuant to the private placement are subject to a 4-month hold period. One
insider of Stroud participated in the private placement purchasing 1,250,000
units. Directors of Stroud not participating in the private placement have
approved the transaction.


Stroud is obligated to pay a cash finder's fee of $210 to a registered dealer in
connection with the private placement.


Stroud proposes to use the net proceeds from this offering, estimated at
approximately $136,000, after payment of finder's and filing fees as follows:
approximately $66,000 for audit and public company compliance fees and
approximately $27,000 for Santo Domingo property costs, with the remaining
approximately $43,000 for general working capital of which $20,000 is expected
to be paid to directors and officers or related entities in partial payment of
amounts owing to them for services provided to Stroud.


Stroud is an exploration company focused on the discovery and exploration of
silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in
the Santo Domingo epithermal silver-gold project in central Mexico. In addition
to the Santo Domingo project, Stroud's assets include 100% interests in the
Hislop gold property, near Timmins, Ontario and the Leckie gold property, near
North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in six
natural gas and natural gas condensate wells in central Alberta.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Stroud Resources Ltd.
Mr. George Coburn
President and CEO
(416) 362-4126
gcoburn@stroudresourcesltd.com
www.stroudresourcesltd.com

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