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Stroud Resources Ltd V.SDR

Alternate Symbol(s):  SDURF

Stroud Resources Ltd. is a Canada-based international mineral exploration company with an exploration portfolio in Canada and Mexico. The Company holds its interest in its Mexican properties through its wholly owned subsidiary, Compania Minera San Diego y La Espanola S.A. de C.V. (Compania Minera), which holds prospecting and exploration permits for the properties. The Santo Domingo Project is a silver-rich, epithermal deposit and is 100% owned by the Company. The property consists of the Santo Domingo II and Nombre de Dios mining concessions in the historical Hostotipaquillo mining district. The Santo Domingo Property is located 100 kilometers (km) north of Guadalajara city in Jalisco State, Mexico.


TSXV:SDR - Post by User

Comment by tarnowon Jul 26, 2020 11:18am
90 Views
Post# 31320626

RE:RE:RE:Stroud Resources Arranges $3-million Private Placement

RE:RE:RE:Stroud Resources Arranges $3-million Private PlacementI agree gold_strike. Mirsad would have liked more than $2 million the first time. But the dilution was bad enough anyway. Plus it would have been highly unlikely to find an investor to fund that much. But now the dilution is much less severe. Massively enhancing the now positive balance sheet. Plus it will allow for a much larger drill program. Was going to be $800,000. Now who knows. But probably double. End game should be to prove up 100 million ounces plus and sell to a major. I have no doubt we have such a resource!
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