STROUD RESOURCES LTD. ("SDR")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debentures
BULLETIN DATE: September 13, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 10, 2023:
Convertible Debenture $600,000
Conversion Price: Convertible into 6,000,000 units at a price of $0.10 per unit until maturity. Each unit consists of one common share and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire one additional common share, at an exercise price of $0.10 per share, for a period of three years.
Term of Maturity: 90 days from issuance
Interest Rate: 14% per annum
Number of Placees: 1 Placee
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 6,000,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release on May 29, 2023, announcing the closing of the private placement.
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