Stroud Resources Completes $4.2 Million Private Placement
Stroud Resources Ltd. (TSXV- SDR) ("Stroud" or the “Company”) is pleased to announce the completion of its previously announced private placement financing. Stroud has issued and sold today 23.33 million units at a price of $0.18 per unit raising gross proceeds of $4.2 million. Each unit consisted of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $0.30 until May 4, 2008,...
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