STRATECO RESOURCES INC. 
By
to announce the closing, on December 29, 2011, of a $3
million bridge loan with
SIDEX LP ("SIDEX").
The loan is secured and must be repaid within 30 days from
the receipt of the 2011 tax credits for resources, or at the
latest, by December 31, 2012. The loan bears interest at an
annual rate of 8%. The use of the funds is at the discretion
of the Company.
In connection with the loan, Strateco will issue 500,000
common share purchase warrants to SIDEX. Each warrant
entitles the holder to acquire one common share of Strateco
for 24 months at a price of $0.75. Each common share is
subject to a resale restriction of four months.
SIDEX was established by the government of Quebec and the Solidarity Fund QFL. The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec in order to diversify Quebec's mineral base, encourage new exploration models, stimulate investment for new commodities in existing districts and open new territories with high potential for discovery.
This news release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia, Ontario and Quebec.
For more information, please contact:
STRATECO RESOURCES INC. | |
Guy Hébert | Jean-Pierre Lachance |
President & Chief Executive Officer | Executive & Exploration Vice President |
Tel: 450.641.0775 1.866.774.7722 Fax: 450.641.1601 www.stratecoinc.com Jason Roy Investor Relations Consultant 647-780-2837 514-240-7662 jroy@stratecoinc.com TSX: RSC; Frankfurt: RF9 |
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| distribué par | Ce noodl a été diffusé par Strateco Resources Inc. et initialement mise en ligne sur le site http://www.stratecoinc.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-03 17:04:37 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Strateco Announces a CA $3,000,000 Bridge Loan with SIDEX |
