TORONTO, ON--(Marketwired - April 03, 2017) - Stratabound Minerals Corp. (the "Company" or "Stratabound") (TSX VENTURE: SB) is pleased to announce that it has agreed on terms with a third party with respect to a potential significant acquisition (the "Potential Acquisition"). In order to finance the Potential Acquisition and provide working capital, the Company anticipates that it will complete a debt financing and an equity offering concurrently with the Potential Acquisition.
The Company has completed technical due diligence in respect of the Potential Acquisition, and plans to complete legal and environmental due diligence in the coming weeks. At that point, the definitive documentation will be completed.
Completion of the Potential Acquisition is subject to a number of conditions including completion and execution of all definitive documentation, completion of the debt financing and the equity offering, approval of the board of directors of Stratabound, and receipt of all regulatory and other third party approvals, including the approval of the TSX Venture Exchange.
The Company will provide a further update regarding the Potential Acquisition when the debt financing has been arranged, or if a definitive agreement is not reached.
Stratabound has retained Talex Commodities Ltd. as its financing agent.
About Stratabound Minerals Corp.
Stratabound is a public company currently focused on evaluating resource acquisition opportunities to find a "keystone" project for the Company. The Company is evaluating producing or advanced stage development stage mineral resource opportunities principally in the Americas.
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 release.
WARNING: the Company relies upon litigation protection for "forward-looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory or shareholder approval, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.