Stina Announces Private Placement
March 13, 2017
Stina Resources Ltd. (“the company, symbol-SQA”) announces that it has entered into a non-brokered private placement of $680,000 through the sale of 8,500,000 units (“Units”) at $0.08 each. Each Unit consists of one common share of the Company and one share purchase warrant, wherein each share purchase warrant shall have a two year term for the purchase of one further common share of the Company at the exercise price of $0.10 per share (the “Warrant Exercise Price”).
Additionally, the Company will settle two bona fide debts of $126,395, due to company directors, at a deemed price of $0.08 per share for a total of 1,579,937 shares. No warrant will be issued for the debt transaction. The private placement is subject to approval by the CSE.