November 19, 2010 08:20 ET

Stroud Extends Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2010) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") announced today it has extended the final date for completion of further tranches of its previously announced non-brokered private placement to December 15, 2010. Stroud announced on November 5, 2010 that it had completed the sale of 6,750,000 units at a price of $0.07 per unit raising gross proceeds of $472,500. Stroud is continuing to market the balance of the offering with a view to raising up to $2.5 million in the aggregate, inclusive of the portion already closed. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at a price of $0.12 for a period of 24 months from the date of issue.

Stroud is a debt-free exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud's assets include 100% interests in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in six natural gas, and natural gas condensate wells in central Alberta.

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.

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