Strategic Resources Closes Non-Brokered Private Placement

About this update from Strategic Resources Inc.

[{"type":"text","content":"\n\n\n Feb. 24, 2011 (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\nTSXV: UVR\n\n\nREGINA, Feb. 24 /CNW/ - Strategic Resources Inc. ("Strategic" or "the Corporation") (TSXV: UVR), announces that it has completed the private placement of 6,800,000\n units announced on February 7, 2011. Each unit (a "Unit") was priced at\n $0.11 per Unit for gross proceeds of $748,000. 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 $0.16 until February 22, 2012\n or at a price of $0.21 until February 22, 2013. A cash fee of $45,920\n and 417,454 compensation options to acquire units at $0.11 per unit\n ("Compensation Units") were issued. Each Compensation Unit is comprised\n of one (1) common share and one non-transferable share purchase warrant\n (the "Compensation Warrant"). Each Compensation Warrant entitles the\n holder to purchase one (1) common share (the "Warrant Shares") of the\n Company at a price of $0.16 per Warrant Share until February 22, 2012\n or at a price of $0.21 until February 22, 2013.\n\n\nAll of the securities referred to herein are legended and restricted\n from trading until at least June 23, 2011.\n\n\nAn insider of the Company subscribed for 2,000,000 Units for gross\n proceeds of $220,000. The insider private placement is exempt from the\n ...

More updates from Strategic Resources Inc.