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Stratum Metals Limited announces private placement

Thursday, 6 Mar 2014 05:34pm EST 

Stratum Metals Ltd:Says a private placement to sophisticated investors.Says it will issue a total of 11,716,666 fully paid ordinary shares in at a price of A$0.03 per share, raising A$351,500 before costs (the placement shares).On issue, the placement shares will rank equally with all other ordinary shares then on issue.Purpose of the placement is to raise sufficient funds to meet working capital requirements, ongoing administration costs and exploration costs, principally to progress the company's East Menzies Goldfield project. 

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