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| | Fri Jan 8, 2010
Strathmore Minerals Announces Private Placement Financing
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NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
STRATHMORE MINERALS CORP. ("Strathmore" or "the Company") (TSX-V: STM) announces it has arranged a non-brokered private placement financing to sell approximately C$8.25 million in Common Share Units at a price of C$.55 per common share unit. Each Common Share Unit comprises one common share and one-half common share purchase warrant. One full warrant purchases one common share at C$.75 for a period of two years. Directors, officers, and/or employees will be participating in this offering.
A finder's fee will be paid in accordance with the policies of the TSX Venture Exchange.
Closing of the offering is anticipated to occur on or before January 15, 2010 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.
The Common Shares will be subject to resale restrictions for a period of four months from the closing date.
The net proceeds from this offering will be used to advance the development of the Company's uranium projects in New Mexico and Wyoming and for general working capital.
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange 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"
David Miller, CEO
For Investor Relations:
Craig Christy
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com |
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| | You can view the Next News Releases item: Wed Jan 20, 2010, Strathmore Closes Private Placement Fiancing
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