SOURCE: Strongbow Resources, Inc.
VANCOUVER, BC--(Marketwired - Sep 4, 2014) - Strongbow Resources Inc. (OTCQB: STBR) (the "Company") is pleased to announce that it has closed a private placement of 1,000,000 shares at a price of US$0.65 per units for gross proceeds of US$650,000. Each unit consists of one share of the Company's common stock and one share purchase warrant, which entitles the holder to purchase an additional share at a price of US$1.00 for a period of three years.
None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
About Strongbow Resources Inc.
Strongbow Resources Inc. is a publicly listed, junior oil and gas company with oil and gas properties located in Western Canada. Strongbow is engaged in the business of seeking out, evaluating and acquiring working interests in oil and gas projects, domestically and internationally, which it plans to enhance through its management, technical and operational team. Strongbow operates as Big Lake Energy Ltd. in Alberta and as Strongbow Resources Inc. in Saskatchewan. The Company's common shares trade on the OTCQB US Exchange under the symbol STBR.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"), including statements of any potential investment by the Investor and future acquisition by the Company. All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include satisfactory due diligence by the Investor, general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. Unless required by applicable law, the Company does not intend to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.