Stratabound Announces Correction to Record Date for Existing Security Holder Exemption of Private Placement to Prepare for Golden Culvert Project Exploration
Stratabound Announces Correction to Record Date for Existing Security
Holder Exemption of Private Placement to Prepare for Golden Culvert Project
Exploration
Not for distribution to U.S. newswire services for dissemination in the United States of America. Any failure to comply with this
restriction may constitute a violation of U. S. securities law.
TORONTO, Feb. 22, 2018 -- Stratabound Minerals Corp. (TSXV:SB) (“Stratabound” or “the Company”) wishes to correct the
record date of the previously announced private placement (the “Private Placement”) for purposes of the existing security
holder exemption in B.C. Instrument 45-534 (Exemption from Prospectus Requirement for Certain Trades to Existing Security
Holders) and as further described in Multilateral CSA Notice 45-313 (Prospectus Exemption for Distributions to Existing
Security Holders (published March 13, 2014)) from February 16, 2018 as originally stated to the corrected date of February 22,
2018.
All other terms of the Private Placement remain as originally announced. The Private Placement offering is for up to 7,272,727
units (the “Units”) of the Company, at a price of $0.055 per Unit, for gross proceeds of up to $400,000. Each Unit consists of
one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will
be exercisable for one common share at $0.08 for 24 months from the date of issue. The Company’s major shareholder has
subscribed for the lead order of the Private Placement.
All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months plus a day from
the date of issuance in accordance with applicable securities legislation. Completion of the Offering remains subject to
acceptance by the TSX Venture Exchange. A fee of up to 7% cash and 7% broker warrants will be paid to participating
registrants who introduce investors who subscribe to the Private Placement. Any broker warrants issued will be exercisable for
one common share at the above-stated Unit price for 18 months from the date of issue.
For further information contact:
R. Kim Tyler, President and CEO
416-915-4157
www.stratabound.com
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.
WARNING: The Company relies upon litigation protection for “forward looking” statements. The information in this release may
contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the
forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated
operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory, exchange or shareholder
approval, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the
financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this
forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information
after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as
may be required under applicable securities laws.