Stina Closes Private Placements for $2.41 Million Dollars
VANCOUVER, BRITISH COLUMBIA, Jul 13 (MARKET WIRE) --
Stina Resources Ltd. (the "Company") (TSX VENTURE: SQA) is pleased to
announce the closing of the private placement for the sale of 3,000,000
common shares at the price of $0.47 per common share, announced on June
19, 2009. The Company also issued 250,000 common shares to Ryanwood
Exploration Inc. pursuant to the Kodiak Property Option Agreement
previously announced on June 19, 2009.
Stina is also pleased to announce the closing of the non-brokered private
placement of 1,923,076 flow-through units ("FT Units") at $0.52 per FT
Unit to the MineralFields Group, announced in the Company's news release
of June 24, 2009.
Stina announces November 11, 2009 as the hold period expiry date in
respect of the shares issued pursuant to the above mentioned private
placements, including the shares issued upon exercise of the shares
purchase warrants comprising the FT Units, and the 250,000 common shares
issued to Ryanwood Exploration Inc.
On July 8, 2009 the TSX Venture Exchange accepted for expedited filing
documentation of an option agreement dated June 18, 2009, between Stina
and Ryanwood Exploration Inc. whereby the issuer was granted an option to
earn a 100% interest in certain mining claims (the Kodiak gold property)
located in Dawson mining district, Yukon Territory, Canada.
On behalf of the Board,
Edward Gresko, President, Director
Neither TSX Venture Exchange nor
its Regulation Services Provider accepts responsibility for the adequacy
or accuracy of this release.
Contacts:
Stina Resources Ltd.
Ed Gresko
1-800-545-9940
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