Stroud Provides Update on Private Placement
January 15 2008 - 7:41PM
Marketwired
TORONTO, ONTARIO ("Stroud") announced today it has extended the
final date for completion of further tranches of its previously
announced non-brokered private placement to February 19, 2008.
Stroud announced on December 17, 2007 that it had completed a first
tranche of 6,550,000 units at a price of $0.105 per unit raising
gross proceeds of $687,750. Stroud is continuing to market the
balance of the offering with a view to raising up to $2 million in
the aggregate, inclusive of the first tranche already closed. Each
unit consists of one common share and one-half of one common share
purchase warrant, with each whole warrant entitling the holder to
acquire one common share at a price of $0.15 until December 17,
2009.
Stroud is a debt-free exploration company focused on the
discovery and exploration of silver and gold deposits in Mexico and
Ontario. Stroud owns a 100% interest in the Santo Domingo
epithermal silver-gold project in central Mexico. In addition to
the Santo Domingo project, Stroud's assets include 100% interests
in the Hislop gold property, near Timmins, Ontario and the Leckie
gold property, near North Bay, Ontario. Stroud also generates cash
flow from a 3.75% interest in six natural gas, and natural gas
condensate wells in central Alberta.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Stroud Resources Ltd. Mr. George Coburn President and
CEO (416) 362-4126 Email: gcoburn@stroudresourcesltd.com Website:
www.stroudresourcesltd.com
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