Strateco Resources Inc SRSIF

RE: Watch out for that pumper-Timetoscoresmall

[vwmikey99]

If these are the warrants you are referring to.... I wouldn't consider 500,000 warrants a big deal at all. I'd imagine the market would gobble that up in a couple days, its less than 1% of the float. It says that it was done by 5 investors, maybe 2 of the 5 were long term holders...if not 4 or 5.. ?? From what I gather these warrants would have been available for the last month or so. Perhaps they already sold a couple weeks ago. April 18 + 4 months & 1 day, perhaps thats partially why the share price has already come back down to this level. Since the .35 PP + .50 warrants they managed to do a decent PP @ 1.25 Cheers, Mike For immediate release: April 18, 2006 Montreal, April 18, 2006 –Strateco Resources Inc. (TSX Venture Exchange: RSC – US SEC Registration # 0-49942) STRATECO CLOSES A PRIVATE PLACEMENT OF CDN$350,000 Strateco Resources Inc. (Strateco) announces that it has completed a Cdn$350,000 private placement. A total of 1,000,000 shares were subscribed by five (5) European investors at a price of $0.35 per share. The share price was reserved with the TSX Venture Exchange on March 22, 2006 The trading price was then $0.375 per share. Each share was accompanied by half of warrant, with each whole warrant entitling its holder to purchase one share at $0.50 per share for a period of 18 months. If the trading price of the common shares of Strateco on the TSX Venture Exchange is equal or exceeds $0.70 for 20 consecutive trading days, at any time after four months and one day after the closing date, Strateco shall be entitled to notify the warrant holders of its intention to trigger the exercise of the warrants. Upon reception of such notice, warrant holders shall have 30 calendar days to exercise the warrants, at which point the warrants will prematurely expire. The Company will pay a cash commission of 8% as finder’s fee to an unrelated party. In accordance with securities legislation, the shares and warrants issued under the private placement will be subject to a “hold period” of four months and one day from the closing date. The listing of the shares and warrants are subject to a final approval of the TSX Venture Exchange. The net proceeds of this private placement will be used for the exploration of the Matoush uranium project. -30- For more information, contact: Guy Hébert, President 450-641-0775 or email: [e-mail] Strateco Resources Inc. Jean-Pierre Lachance, Executive Vice President 450-641-0775 or email: [e-mail] Strateco Resources Inc. Website: www.stratecoinc.com THE TSX VENTURE EXCHANGE (TSX) DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.