Strategic Resources Inc. Completes Private Placement
January 25 2010 - 7:02PM
Marketwired
Strategic Resources Inc. (the "Company") (TSX VENTURE: UVR) is
pleased to announce that, further to its press release of January
7, 2010, it has received final TSX Venture Exchange acceptance of
its previously announced non-brokered private placement.
Further to its press release of January 7, 2010, on January 21,
2010, the Company issued an additional 100,000 units at a price of
$0.05 per unit for additional proceeds to the Company of $5,000,
such that the Company has issued and sold an aggregate of 2,800,000
units for total gross proceeds of $140,000. Each unit is comprised
of one common share and one common share purchase warrant of the
Company. Each warrant entitles the holder to purchase one common
share of the Company at a price of $0.10 per share for a period of
two years from issuance.
The additional 100,000 common shares and warrants comprising the
units sold by the Company on January 21, 2010 are subject to a hold
period that will expire on May 22, 2010.
The funds raised from the Offering will be used to advance
development of the Corporation's mineral exploration projects in
the USA.
The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States or to
a U.S. person absent an exemption from the registration
requirements of such Act.
About Strategic Resources
Strategic Resources is a Canadian based junior exploration
company with uranium/vanadium and rare earth exploration projects
in Catron County, New Mexico, Lincoln County, New Mexico, Apache
County, Arizona and Malheur County, Oregon. More information about
the company is available on line at
www.strategicresourcesinc.ca.
Forward looking statements:
This news release contains certain forward-looking statements.
These forward-looking 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.
Contacts: Strategic Resources Inc. Malcolm Bucholtz President
& CEO 306.525.0852 newmexicouranium@gmail.com
www.strategicresourcesinc.ca
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