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Strategic Resources Announces $1.5 Million Financing
Strategic Resources Announces $1.5 Million Financing Canada NewsWire VANCOU...
About this update from Strategic Resources Inc.
[{"type":"text","content":"StrategicRes-$1.5M\n \n \n \n Strategic Resources Announces $1.5 Million Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Sept. 29, 2020\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION TO\n \n UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 29, 2020\n \n /CNW/ -\n \n Strategic Resources Inc.\n \n (TSXV: SR)\n \n \n (the \"Company\" or \"Strategic\") announces its intention to undertake a non-brokered private placement financing of up to 4,285,715 units (\"Units\") at a price of\n \n $0.35\n \n per Unit, for aggregate gross proceeds of up to\n \n $1.5 million\n \n (the \"Offering\"). Each Unit shall be comprised of one common share of the Company (each, a \"Common Share\") and one-half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of\n \n $0.55\n \n per Common Share at any time during the 18-month period following the closing date of the Offering.\n \n \n The use of proceeds will be to fund the Mustavaara Preliminary Economic Assessment and for general corporate purposes and working capital. The Offering is scheduled to close on or about\n \n October 20, 2020\n \n (the \"Closing Date\") and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.\n \n \n The shares issued under the Offering will be subject to a statutory hold period in\n \n Canada\n \n of four months and one day following the Closing Date.\n \n \n The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in\n \n the United States\n \n absent registration under...