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| Home : Strongbow Announces Non-Brokered Unit Private Placement Financing Up to $2,500,000 |
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Nov 08
2016 |
Strongbow Announces Non-Brokered Unit Private Placement Financing Up to $2,500,000 |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 7, 2016) - Strongbow Exploration Inc. (TSX VENTURE:SBW) is pleased to announce a non-brokered private placement financing which will comprise up to 16,667,000 Units at a price of $0.15 per Unit for gross proceeds of up to $2,500,000. Each Unit will consist of one common share and one whole share purchase warrant (the "Subscriber Warrant"). Each Subscriber Warrant will allow the holder to purchase one common share of Strongbow at a price of $0.20 for a period of 24 months from the closing date of the financing, subject to the acceleration right described below. Proceeds of the financing will be used for general working capital and for the advancement of the South Crofty tin project in Cornwall, UK. |
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| Source:http://www.marketwired.com/mw/release.do?id=2173465&sourceType=3 |
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