Strathmore Minerals Corp.: Strathmore Announces Private Placement.VANCOUVER, British Columbia -- Strathmore Minerals Corp. (TSX VENTURE:STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ) is pleased to announce a non-brokered private placement of a minimum of $5,000,000 to a maximum of $10,000,000 at $1.50 per unit. Each unit will consist of one share and one half share purchase warrant exercisable at $1.75 the first year and at $2.00 the second year. Finders fees of 6% and agent warrants of 6% will be payable to Hargreave Hale Limited ("Hargreave Hale"). Hargreave Hale and its predecessor business is a long established United Kingdom securities brokerage company in part owned by Investec Bank UK Ltd, part of the Investec group of companies. One of Hargreave Hale's business areas is assisting companies in the mining sector to raise capital. Hargreave Hale is authorized and regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. in the UK, is a member of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , OFEX OFEX Off Exchange (Over-The-Counter Market established in 1995, Specialising in Smaller Companies) and APCIMS APCIMS Association of Private Client Investment Managers and Stockbrokers and is an Independent Financial Adviser. The private placement is subject to regulatory and TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. approvals. STRATHMORE MINERALS CORP. is a Canadian based company specializing in the strategic acquisition of low cost mineral properties. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM". ON BEHALF OF THE BOARD Dev Randhawa, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Strathmore Minerals Corp. (TSX VENTURE:STM) |
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