Strategic Resources – Private Placement
STRATEGIC RESOURCES INC.
Box 1216, Regina, Saskatchewan, Canada, S4P 3B4 T: (306) 525-0852; F: 306 569-0302
Strategic Resources – Private Placement
For Immediate Release TSXV: STI
June 2, 2016, Regina, Saskatchewan – Strategic Resources Inc. (the “Company”) announces its intention to undertake the following:
1. the consolidation of its current issued and outstanding common shares on the basis of one new post-consolidated share for every five (5) outstanding shares (as previously reported in the Company’s news release dated May 27, 2016); and
2. a private placement to raise up to $600,000 through the sale of up to 8,000,000 units at $0.075 per unit. Each unit will be comprised of one post-consolidated common share and one share purchase warrant entitling the holder to acquire one post-consolidated common share at a price of $0.10 per post-consolidated share for a period of five (5) years.
Proceeds of the placement will be used for general working capital purposes and to advance the Company’s search for new business opportunities.
The consolidation and private placement are subject to approval of the TSX Venture Exchange.
For further information please contact:
Malcolm Bucholtz, President & CEO,
Tel: 1.306.525.0852 [email protected]
Strategic Resources is a Canadian based junior exploration company with a rare earth exploration project in Lincoln County, New Mexico. More information about the Company is available on line at www.strategicresourcesinc.ca.
Disclaimer:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking statements:
This news release may contain certain forward-looking inferences or statements. These forward-looking inferences or statements are subject to a variety of risks and uncertainties beyond the Company’s control or prediction and could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements. Specifically, there is no assurance the Company will be able to raise the full amount of the above stated private placement on the terms as contemplated, or at all.
{00523953;1}