Strachan Resources Ltd.
TSX VENTURE : SCN.P

May 17, 2013 13:53 ET

Strachan Financing and Qualifying Transaction Cancelled

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2013) - Strachan Resources Ltd. ("Strachan" or the "Company") (TSX VENTURE:SCN.P), a capital pool company, announces that its Short Form Offering Document financing has been cancelled and that accordingly, its proposed Qualifying Transaction for the Chu Chua mining property, located in the Kamloops Mining Division. BC, has been terminated.

As Strachan has not been able to complete its Qualifying Transaction in the time frame required by the TSX Venture Exchange (the "Exchange"), it will now be applying to transfer its listing to the NEX Board of the Exchange, as approved by its shareholders at the March 21, 2013 AGM.

ON BEHALF OF THE BOARD

STRACHAN RESOURCES LTD.

Steve Mathiesen, President

Neither 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 release.

Contact Information

  • Strachan Resources Ltd.
    Steve Mathiesen
    President
    (604) 687-1550