STRATTON RESOURCES INC. ("SI") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 24, 2012 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 5, 2012:
Number of Shares: 660,000 Flow-through shares
Purchase Price: $0.20 per share
Warrants: 660,000 share purchase warrants to purchase 660,000 shares
Warrant Exercise Price: $0.40 for a one year period, subject to an acceleration clause
Number of Placees: 8 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P / # of Shares Shawn Wallace Y 250,000 Peter Rees Y 22,706
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.] ________________________________________
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