Stratabound Provides Update on Golden Culvert Project Exploration and Announces Reelection of Directors, Private Placement and Engagement of Investor Relations Consultant
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 Provides Update on Golden Culvert Project Exploration and Announces Reelection of
Directors, Private Placement and Engagement of Investor Relations Consultant
June 27, 2018 – Toronto, Ontario: Stratabound Minerals Corp. (TSXV: SB) (“Stratabound” or “the
Company”) is pleased to announce it is continuing to progress the exploration program at its Golden
Culvert project in the Lower Hyland Valley of the Yukon Territory. As presented at the Company’s
Annual General Meeting of Shareholders held on June 18, 2018 road construction has been completed,
and the initial trenching has been undertaken. Although no analytical results are available at this time,
preliminary field observations by R. Kim Tyler, P.Geo., President and CEO of Stratabound and Golden
Culvert site manager, indicate a corridor of multiple quartz veining of greater width and much longer
strike length than previously observed.
Also at the Annual General Meeting, all of the directors of the Company were reelected with more than
99.9% of the votes cast. The Company’s directors include R. Kim Tyler, President and CEO; Terrence
Byberg, Executive Vice President; Margaret Kent, Chairman; Michael Page, VP Exploration; and R.M.
(Mike) Robb.
The Company is pleased to announce a non-brokered private placement (the “Private Placement”)
offering of $495,125. The Private Placement will include both units (the “Units”) of the Company, and
common shares offered on a flow-through basis (the “Flow-Through Shares”). 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. Both the Units and the Flow-Through Shares have been priced at $0.055. The Company
has received commitments of $15,125 for Units and $480,000 for Flow-Through Shares.
The proceeds of the Private Placement will be used to fund the summer 2018 exploration program at
the Golden Culvert property and for other payments directly related to the property. 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. A director and officer
of the Company has subscribed for Units under the Private Placement. Completion of the Offering
remains subject to acceptance by the TSX Venture Exchange. Fees of 7.5% cash and 7.5% finder
warrants will be paid to persons who have introduced investors who subscribe to the Private Placement.
Any finder warrants issued will be exercisable for one common share at $0.055 for 18 months from the
date of issue.
The Company is also pleased to announce that it has entered into a consulting agreement with GloRes
Capital Inc. (“GloRes”) to provide investor relations and related services to the Company. The
agreement with GloRes is for a six-month term with compensation of $5,000 per month. GloRes has
also been issued 200,000 stock options.
The Company has granted a total of 1,066,000 options at $0.055 under the Company’s stock option plan
which was re-approved at the Annual General Meeting, including the options to GloRes and 666,666
options to an officer and director who currently holds no options and the balance to an advisor who also
holds no options.
“We are excited about the initial developments of the exploration program at Golden Culvert, and we
are awaiting the lab results on the initial samples. The private placement will enable us to extend our
2018 exploration program, especially with respect to trenching and drilling. I am pleased to introduce
Ritu Gupte, President of GloRes Capital, as a consultant to the Company, to provide Stratabound a more
consistent presence with investors in Toronto, New York and other financial centers and to more
effectively distribute information on the Golden Culvert project to our shareholders and the public,” said
Kim Tyler, President and CEO of Stratabound.
Mr. R. Kim Tyler, P.Geo., President and CEO of Stratabound, is a “Qualified Person” for the purpose of NI
43-101 and has reviewed and approved the contents of this news release.
About the Golden Culvert and Little Hyland Properties
Golden Culvert and Little Hyland cover 83.8 square kilometres across a 24-kilometre strike located
approximately 20 kilometres northeast of and parallel to Golden Predator Mining Corp.’s 3 Aces
property. Work filed in Yukon mineral claims assessment reports has outlined a northerly trending, 3
kilometre by 250 metre, +30 ppb Au up to 791 ppb Au gold-in-soil anomaly that remains open at both
ends. The soil anomaly is centred around partially exposed primary gold-bearing quartz veins grading
between 7.7 to 22.8 gpt gold over 1 metre and complimentary gold-bearing quartz vein stockwork
within a larger silicified, altered, sulphide and gold-bearing wallrock grading up to 2.27 gpt gold over 0.5
metre.
To date a total of $564,400 of work has been done on the Property, including 3,645 soil samples, 48
stream samples, 239 rock samples, 19.4 line-km of ground magnetic survey and 18.5 line-km of VLF
survey.
About Stratabound
Stratabound Minerals Corp. is a Canadian exploration and development company focused on the Yukon
Territory and to a lesser extent the Bathurst Mining Camp in New Brunswick. Stratabound management
has a diversified track record of exploration, development and operating successes that will facilitate the
development of the Company’s exploration projects.
For further information, please see the Golden Culvert presentation and the NI 43-101 technical report
on the Stratabound web site, www.stratabound.com.
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 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.