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BOUCHERVILLE, QUÉBEC--(Marketwired - Dec. 10, 2013) - Strateco Resources Inc. ("Strateco" or the "Company") (TSX:RSC)(FRANKFURT:RF9) is pleased to announce that as part of its efforts to remedy its financial situation, it has signed a letter of agreement with an insider, The Sentient Group ("Sentient"), a private independent natural resource equity fund. The letter of agreement, which is subject to TSX approval, relates to a new $3 million loan and amendments to a $14,905,000 convertible note agreement dated January 2010 (the "Transaction"). The Transaction will allow Strateco to continue its activities and improve its difficult financial situation. |
