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TORONTO, ONTARIO--(Marketwire - March 9, 2011) - Sheltered Oak Resources Corp. ("OAK" or the "Company") (TSX VENTURE:OAK) is pleased to announce that on March 8, 2011 it completed a non-brokered private placement offering (the "Offering") with the MineralFields Group and other subscribers for aggregate proceeds of $1,650,999.97. The Company issued a total of 800,000 units of the Company (the "Units") at a price of $0.095 per Unit raising a total of $76,000 and the Company issued a total of 14,999,999 flow-through units of the Company (the "FT Units") at a price of $0.105 per FT Unit raising a total of $1,574,999.97. The securities issued in the private placement are subject to a four month hold period expiring on July 9, 2011. |
