Strategic Resources Inc. (“The Company”) announces that it has negotiated the terms of a $100,000 loan from an arm’s length individual. Terms of the loan include:
- the loan will bear interest at the rate of 1% per month, payable on maturity;
- the loan will mature on the earlier of February 5, 2021 or the date the Company closes an equity financing of at least $1,000,000;
- the Company will issue 434,780 bonus warrants to the lender, each warrant entitling the lender to acquire one common share of the Company at $0.23 for two years; and
- the loan will be unsecured.
The issuance of the bonus warrants will be subject to the approval of the TSX Venture Exchange.
STRATEGIC RESOURCES INC.
For further information contact:
Signed: “Mark Tommasi” Mark Tommasi
Mark Tommasi, CEO T: +1 (604) 318 - 1448
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