Stroud Resources Ltd.

September 14, 2017 13:19 ET

Stroud Resources Announces Sale of the Leckie Gold Project

TORONTO, ONTARIO--(Marketwired - Sept. 14, 2017) - Stroud Resources Ltd. ("Stroud" or the "Company") (TSX VENTURE:SDR) is pleased to announce the sale of its 100 percent interest in the Leckie Project in Strathy Township, Ontario to a private company, Temagami Gold Inc. for $30,000 in cash and 750,000 of common shares of Temagami Gold (the "Transaction"). Stroud retains a 1% NSR interest in the property.

Stroud will focus on further developing its 100% owned silver project in Jalisco, Mexico.

Temagami Gold Inc. is a debt-free, private company, piloted by experienced exploration management with extensive knowledge of the Temagami area and the Temagami mining camp.

Added Capital acted as Financial Advisor to Temagami Gold Inc. All amounts noted herein are in Canadian dollars.

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.

Contact Information

  • Stroud Resources Ltd.
    Mr. Mirsad Jakubovic
    President, Stroud Resources Ltd.
    (416) 888-8731