Stratabound Announces Private Placement to Pursue Acquisition
100 King Street West, Suite 5700, Toronto, Ontario, Canada, M5X 1C7 Phone 416 915 4157, Fax 416 915 4257
E-mail: [email protected] * Website: www.stratabound.com
Stratabound Announces Private Placement to Pursue Acquisition
February 2, 2017 – Toronto, Ontario: Stratabound Minerals Corp. (TSXV: SB) (“Stratabound” or “the
Company”) is pleased to announce a private placement financing of up to 5,300,000 units (the “Units”)
of the Company, at a price of $0.05 per Unit, for gross proceeds of up to $265,000. 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 $0.05 for 24 months from the
date of issue.
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. The Company
will pay a finder’s fee of 5% in cash and 5% in warrants to acquire shares at the Unit price in respect of a
portion of the private placement.
The proceeds of the private placement will be used by the Company to finance the Company’s
continued pursuit of an accretive acquisition and for general corporate purposes. The Company is
currently in detailed discussions on a significant acquisition and will continue to update the market
concerning potential acquisition activity as developments warrant.
Certain insiders of the Company will acquire Units under the private placement. The participation by
such insiders is considered to be a "related party transaction", as defined under Multilateral Instrument
61-101 ("MI 61-101"). The Company intends to rely on the exemptions from the valuation and minority
shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101
in respect of such insider participation.
President and CEO Terry Byberg commented, "We are extremely pleased to announce this private
placement which will support the Company in its due diligence efforts as we continue to pursue an
accretive acquisition that will provide a basis to transition Stratabound into a development / operating
company. We have reviewed a number of possible opportunities over the past year and are now
focused on a project that is a good fit for Stratabound and its corporate strategy."
About Stratabound Minerals Corp.
Stratabound Minerals Corp. is a public company focused on the exploration of its base metal properties
in New Brunswick and the acquisition of base and precious metals properties in the Americas which are
producing or capable of restarting operations within eighteen months or less.
For further information contact:
Terry Byberg, 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 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.