Stratabound Minerals Corp. closes the primary tranche of personal placements with out middleman


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Toronto, Ontario – (Newsfile Corp. – October 26, 2021) – Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) (“Stratabound” or the “Firm”) introduced the closing, on October 26, 2021, of the primary tranche of $ 171,179.76 (1,426,498 items) of its non-brokered personal placement (“Personal Placement”) introduced on October 18, 2021. Every unit consists of 1 widespread share and half a subscription warrant. Every whole warrant entitles its holder to buy one further widespread share at $ 0.25 for a interval of two years from the cut-off date. The warrant additionally incorporates an acceleration clause whereby if the widespread shares commerce at $ 0.40 for 10 days, the Firm has the correct to speed up the expiration date upon 30 days discover.

The securities issued below this tranche are topic to buying and selling restrictions till February 27, 2022.

An insider of the Firm subscribed for a complete of fifty,063 widespread shares of the Firm. The Firm relied on the exemptions from the evaluation and minority shareholder approval necessities of NI 61-101 contained in Sections 5.5 (b) and 5.7 (a) of NI 61-101 with respect to such insider participation.

The proceeds will likely be used for exploration bills to keep up the respective exploration properties and for common company working capital functions.

The Firm additionally introduced that it has accomplished the primary tranche of $ 361,200.08 (3,010,001 items) of its non-middleman flow-through unit personal placement. Every flow-through unit consists of 1 widespread share and one half warrant and is issued on a flow-through foundation for Canadian tax functions. A full warrant will enable its holder to buy one non-flow-through widespread share at $ 0.25 for a interval of 1 12 months from the date of challenge. The warrant additionally incorporates an acceleration clause whereby if the widespread shares commerce at $ 0.35 for 10 days, the Firm has the correct to speed up the expiration date upon 30 days discover.

The securities issued below this tranche are topic to buying and selling restrictions till February 27, 2022.

Two insiders of the Firm subscribed for a complete of 192,000 widespread shares of the Firm. The Firm has relied on the exemptions from the evaluation and minority shareholder approval necessities of NI 61-101 contained in Sections 5.5 (b) and 5.7 (a) of NI 61-101 with respect to such insider participation.

The proceeds will likely be used for eligible exploration bills on the Firm’s Canadian exploration properties.

About Stratabound Minerals Corp.

Stratabound Minerals Corp. is a Canadian mining improvement firm creating its late-stage Fremont gold mission in California’s Mom Lode gold belt. The mission contains an NI 43-101 mineral useful resource estimate of 526 ok oz at a median grade of 1.60 g / t Au within the indicated classes plus 452 ok oz at a median grade of 1.29 g / t Au within the classes of inferred mineral assets respectively encompassing two high-grade U / G gold mines. It’s also dwelling to three undeveloped gold occurrences over 4 km of route alongside the prolific Mom Lode gold belt. The Firm can also be advancing its different early stage gold tasks; Golden Culvert, YT, McIntyre Brook, NB, and Dingman, ON, in addition to a big land place housing three base steel deposits within the Bathurst Base Steel Camp in New Brunswick with the deposit Captain Copper-Cobalt-Gold.

Mr. R. Kim Tyler, P.Geo., President and Chief Govt Officer of Stratabound, and a “Certified Individual” for functions of NI 43-101, has reviewed and accepted the content material and technical data of this press launch.

For extra data, please go to the corporate’s web site at www.stratabound.ca or contact: R. Kim Tyler, President and CEO 416-915-4157 [email protected]

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

DISCLAIMER: The corporate depends on litigation safety for “forward-looking” statements. The data contained on this press launch might include forward-looking data below relevant securities legal guidelines. This forward-looking data is topic to recognized and unknown dangers, uncertainties and different elements which will trigger precise outcomes to vary materially from these urged by the forward-looking data. Elements that would trigger precise outcomes to fluctuate materially embrace, however usually are not restricted to, inaccurate assumptions relating to the exploration and improvement of mineral deposits, forex fluctuations, unexpected operational or technical difficulties, modifications in legal guidelines or rules, failure to acquire or approval from shareholders, dangers of acquiring obligatory licenses and permits, modifications basically financial or monetary market circumstances and lack of ability to boost further financing . Readers are cautioned to not place undue reliance on this forward-looking data. The Firm doesn’t assume the duty to revise or replace this forward-looking data after the date of this press launch or to revise this data to mirror the incidence of unexpected future occasions, besides as could also be required by legislation. on relevant securities.

Don’t distribute to US information companies for distribution in america of America. Any breach of this restriction might represent a violation of US securities legislation.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/100971

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