Stroud Resources Ltd. Announces Private Placement
July 24 2020 - 5:07PM
Stroud Resources Ltd. (TSXV-SDR) (“
Stroud” or
“
Company”) announces its intention to issue up to
7,500,000 units at $0.40 per unit (the “
Units”)
for gross proceeds of up to $3,000,000. Each Unit will be comprised
of one common share and one-half of one common share purchase
warrant, with each whole warrant exercisable into one common share
at a price of $0.60 for a period of one (1) year from closing.
All securities will be subject to a four-month
hold period from the closing date. The private placement is subject
to the approval of the TSXV. Eligible finders (each a
“Finder”) are entitled to a cash commission equal
to 7% of proceeds from the sale of Units sourced by the Finder (the
“Finder’s Commission”). In addition, the Company
shall issue to the Finder, Finder’s Warrants (the “Finder’s
Warrants”) exercisable at any time from the closing date
to the day prior to the date that is 24 months following the
closing date to acquire, in aggregate, that number of common shares
of the Company which is equal to 7% of the aggregate number of
Units sourced by the Finder issued pursuant to the offering at an
exercise price equal to $0.60 per Finder’s Warrant.
Proceeds raised through the issue of Units will
be to advance the Company’s exploration properties located in
Mexico and for general working capital purposes.
About Stroud Resources Ltd.
Stroud Resources is a TSX-V listed company focused on the
exploration and development of its Santo Domingo epithermal
silver-gold project in central Mexico.
For more information please
visit www.stroudsilver.com
ON BEHALF OF THE BOARD OF DIRECTORS OF
STROUD RESOURCES LTD.
Mirsad Jakubovic CFO and Director
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this press
release.
Stroud Resources (TSXV:SDR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Stroud Resources (TSXV:SDR)
Historical Stock Chart
From Dec 2023 to Dec 2024