Strategic Resources announces CAD 10 million non-brokered private placement

Reuters03-19 19:46

Strategic Resources announces CAD 10 million non-brokered private placement

Strategic Resources announced a non-brokered private placement of up to 40 million units priced at CAD 0.25 per unit.
The offering could raise up to CAD 10 million in gross proceeds.
Each unit includes one common share plus 0.5 of one common share purchase warrant.
Each whole warrant is exercisable at CAD 0.4 per share for 36 months from closing.
Net proceeds are expected to support iron ore pellet plant development activities and general working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Strategic Resources Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202603190745CANADANWCANADAPR_C6758) on March 19, 2026, and is solely responsible for the information contained therein.

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