Strategic Resources Inc. announces that it has negotiated the terms of a $100,000 loan
Feb 6, 2019
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.