Stratabound Minerals Corp. (
TSX-V.SB,
OTC Pink: SBMIF,
Forum) has announced that it has closed a non-brokered private placement. The Company raised proceeds of $2,056,971.83 through the sale of 6,635,393 Units at a price of $0.31 per Unit.
Proceeds will be used for holding costs to maintain the Company's exploration properties, acquisitions, and for general corporate working capital purposes.
President and Chief Executive Officer R. Kim Tyler Commented:
"This non-brokered private placement was taken up in its entirety by a well-regarded, long term American institutional investor who sees the underlying value and long-term growth potential in our Company. We are pleased to include them along with our other recent long-term investors."
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FULL DISCLOSURE: Stratabound Minerals Corp. is a client of Stockhouse Publishing.