Strathmore Warrant Exercise Raises More Than C$7.5 Million to Treasury.KELOWNA, British Columbia -- Strathmore Minerals Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension 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 that C$7,514,815 was raised from the recent exercise of 4,294,180 warrants at a price of $1.75 per warrant. Working capital now stands at C$28.8 million. David Miller, President & Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , said, "We are pleased with the confidence shown by warrant holders. The added boost to Strathmore's strong financial position will enable the Company to continue to build on the success achieved to date." Proceeds will be used for the Company's Church Rock, New Mexico Church Rock (Navajo: Kinłitsosinil) is a census-designated place (CDP) in McKinley County, New Mexico, United States. The population was 1,077 at the 2000 census. , uranium mine permit application initiative, advanced exploration and development projects, general corporate purposes and working capital. The exercise price on the remaining 1.733 million warrants from this issue increases to $2.00 per share until February 21, 2007. STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico Santa Fe, more properly Santa Fé, (pronounced [ˈsænə feɪ] by natives, [ˌsænə ˈfeɪ] . STRATHMORE MINERALS CORP Common Shares are listed on the 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. under the symbol "STM". This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. ON BEHALF OF THE BOARD David Miller, President and COO The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this news release. Strathmore Minerals Corp. (TSX VENTURE:STM) |
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