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| Home : Strait Announces Proposed Offering of Up to $350,000 |
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Sep 16
2013 |
Strait Announces Proposed Offering of Up to $350,000 |
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TORONTO, ONTARIO--(Marketwired - Sept. 16, 2013) - Strait Minerals Inc. ("Strait" or the "Company") (TSX VENTURE:SRD) wishes to announce that it is offering up to 5,000,000 working capital units ("WC Units") of the Company at a price of $0.07 per WC Unit for gross proceeds of up to $350,000 (the "Offering"). Each WC Unit will consist of one (1) common share of the Company and one (1) share purchase warrant (each a "WC Warrant"). Each WC Warrant will entitle the holder to acquire an additional common share at the price of $0.12 per share for twelve (12) months following the closing of the Offering. The Company may pay finder's fees of up to 3% cash plus up to 7% Compensation Warrants for funds raised by eligible finders for the sale of WC Units. Each Compensation Warrant entitles the finder to acquire one (1) compensation unit at a price of $0.07 (the "Compensation Units") for each WC Unit sold for twelve (12) months from the closing of the Offering. Each Compensation Unit entitles the finder to acquire a WC Unit comprised of one (1) common share priced at $0.07 and one (1) WC Warrant. |
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| Source:http://www.marketwired.com/mw/release.do?id=1830938&sourceType=3 |
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