Stina Resources Ltd.

July 13, 2009 18:24 ET

Stina Closes Private Placements for $2.41 Million Dollars

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2009) - Stina Resources Ltd. (the "Company") (TSX VENTURE:SQA) is pleased to announce the closing of the private placement for the sale of 3,000,000 common shares at the price of $0.47 per common share, announced on June 19, 2009. The Company also issued 250,000 common shares to Ryanwood Exploration Inc. pursuant to the Kodiak Property Option Agreement previously announced on June 19, 2009.

Stina is also pleased to announce the closing of the non-brokered private placement of 1,923,076 flow-through units ("FT Units") at $0.52 per FT Unit to the MineralFields Group, announced in the Company's news release of June 24, 2009.

Stina announces November 11, 2009 as the hold period expiry date in respect of the shares issued pursuant to the above mentioned private placements, including the shares issued upon exercise of the shares purchase warrants comprising the FT Units, and the 250,000 common shares issued to Ryanwood Exploration Inc.

On July 8, 2009 the TSX Venture Exchange accepted for expedited filing documentation of an option agreement dated June 18, 2009, between Stina and Ryanwood Exploration Inc. whereby the issuer was granted an option to earn a 100% interest in certain mining claims (the Kodiak gold property) located in Dawson mining district, Yukon Territory, Canada.

On behalf of the Board,

Edward Gresko, President, Director

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Stina Resources Ltd.
    Ed Gresko