Business
Strategic Resources Announces Non-Brokered Private Placement
Strategic Resources Announces Non-Brokered Private Placement
About this update from Strategic Resources Inc.
[{"type":"text","content":"\n\n\n\n Nov. 19, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX.V:UVR\n\n\nREGINA, Nov. 19 /CNW/ - Strategic Resources Inc. ("Strategic" or "the Corporation") (TSX-V:\n UVR), announces that it has completed the private placement of 8,000,000\n units announced on November 2, 2010. Each unit (a "Unit") was priced at\n $0.065 per Unit for gross proceeds of $520,000. Each Unit consists of\n one (1) common share (the "Share") and one share purchase warrant (a\n "Warrant"). Each Warrant entitles the holder to acquire a further\n common share of the Company at a price of $0.11 until November 17,\n 2012. A cash fee of $38,480 and 592,000 compensation options to acquire\n units at $0.065 per unit ("Compensation Units") were issued. Each\n Compensation Unit is comprised of one (1) common share and one\n non-transferable share purchase warrant (the "Compensation Warrant").\n Each Compensation Warrant entitles the holder to purchase one (1)\n common share (the "Warrant Shares") of the Company at a price of $0.11\n per Warrant Share until November 17, 2012.\n\n\n\nAll of the securities referred to herein are legended and restricted\n from trading until at least March 18, 2011.\n\n\n\nInsiders of the Company subscribed for 4,000,000 Units for gross\n proceeds of $260,000. The insider private placements are exempt from\n the valuation and minority shareholder approval requirements of\n Multilateral Instrumen...