Business
Stratabound signs investor relations contract, announces first tranche closing of financing
SB: TSX Venture Exchange            &...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"\n\nSB: TSX Venture Exchange                                                  \n\n\n\nCALGARY, June 18, 2014 /CNW/ - Stratabound Minerals Corp. has entered into an investor relations agreement with FronTier Consulting  Ltd. of Toronto, Ontario, part of the FronTier Merchant Capital Group, subject to regulatory approval.  FronTier will provide the Company with advice and assistance in coordinating and organizing general investor relations activities for the next 12 months.  FronTier's objective is to increase market awareness of Stratabound using a variety of market communications initiatives, including in-person introductions with institutional and retail brokers and investors in a number of cities; press release distribution to registered brokers, individual investors, and industry contacts and colleagues; and use of FronTier's social media and website outlets.  The Company will pay FronTier $5,000 per month and grant 300,000 incentive options, each one entitling the holder to acquire one share for $0.05, subject to regulatory approval.\n\nStratabound has closed a first tranche of $325,000 of its recently announced private placement financing.  FronTier has subscribed for $75,000 of the private placement.  Stratabound insiders are subscribing for a minimum of $250,000.  The size of the offering is a maximum of $1,000,000, comprising 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\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.  For larger investments the ...