- Stratabound Minerals Corp. (SB) has announced a non-brokered private placement for gross proceeds of up to $2,000,000
- The company will issue up to 40,000,000 units at $0.05 per unit
- Proceeds will be used primarily for exploration and holding costs related to maintaining its exploration properties
- Stratabound Minerals is a Canadian mineral exploration and development company
- Stratabound Minerals Corp. (SB) opened trading at C$0.045
Stratabound Minerals Corp. (SB) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.
The company will issue up to 40,000,000 units at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.07 for a period of two years from the date of closing.
Warrants are subject to an acceleration clause.
Proceeds will be used for exploration and holding costs related to maintaining its exploration properties and for general corporate working capital purposes.
Stratabound Minerals is a Canadian mineral exploration and development company developing its advanced-stage flagship Fremont Gold Project in the Mother Lode Gold Belt of California. The company is also advancing its pipeline of early-stage exploration projects in Canada, including the Golden Culvert, Yukon and McIntyre Brook gold projects and the Captain Cobalt-Copper-Gold Deposit in New Brunswick.
Stratabound Minerals Corp. (SB) opened trading at C$0.045.