Company to issue units to fund N.B. project

Stratabound Minerals Corp. (TSX.V:SB) announced Monday it will issue, subject to regulatory approval, up to three million units at $0.15 per unit, for a total offering of $450,000. Funds will be used for further work on the company's New Brunswick properties and for general working capital. Each unit will consist of one common share, one common share issued on a flow-through basis for income tax purposes, and one warrant. Each warrant will allow the holder to acquire one additional common share for $0.15 for two years from closing. Fifty percent of the unit price will be allocated to the flowthrough shares. This private placement replaces the proposed private placement announced on Dec. 1. Stratabound is a Canadian junior mining and exploration company currently focused on the prolific Bathurst mining district of northern N.B.

Source: http://nbbusinessjournal.canadaeast.com/front/article/505992