Business
Stratabound announces private placement
SB: TSX Venture Exchange CALGARY , June 5, 2014 /CNW/ -  Stratabound Minerals Cor...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"\n\nSB: TSX Venture Exchange \n\n\n\nCALGARY, June 5, 2014 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) announces that, subject to Exchange approval, it has undertaken a non-brokered private placement financing of up to 4,000,000 units at $0.25, each unit consisting of four flow through shares, one non-flow through share, and 2½ warrants, with each whole warrant entitling the holder to subscribe for one additional share for two years at $0.10 per share.\n\nThe proceeds will be used for drilling, trenching, and geophysical exploration of base and precious metal massive sulphide targets on the Captain, Commander, and CNE properties in New Brunswick's Bathurst Mining Camp, as well as for general corporate purposes.  Drill targets include a prominent gravity anomaly, iron formations, and magnetic and electromagnetic anomalies that Stratabound has identified along the contact between the Nepisiguit Falls and Flat Landing Brook Formations.  This geological contact is the \"Brunswick Mine Horizon\", which is the location for world-class volcanogenic massive sulphide deposits in the Bathurst Mining Camp.\n\nIt is anticipated that insiders will participate in the placement.\n\nAny shareholder of Stratabound as at June 4, 2014 is eligible to purchase units up to $15,000 pursuant to the recently adopted security holder prospectus exemption in all Canadian jurisdictions other than Ontario and Newfoundland.  Under the new regulation, there is no longer a need for an existing shareholder to qualify under the \"accredited investor\" or other previous exemptions in order to participate in a private placement financing.  In the event there is an over subscription of shares, the Company reserves the right to either reject subscriptions at its discretion, allocate on a pro rata basis or increase the offering.  There is no minimum subscription. It is anticipated that the offering will be open until June 30, 2014.\n\nThe technical information contained in this release has been reviewed by John Duncan, P.Geo. and Stan Stricker, P.Geol., Qualified Persons as defined in National Instrument 43-101.\n\nNeither 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.\n\nWARNING...