|By Marketwired .||
|January 2, 2014 12:27 PM EST||
OTTAWA, ONTARIO -- (Marketwired) -- 01/02/14 -- Stria Capital Inc. (TSX VENTURE: SRA) ("Stria"), is pleased to announce the closing of a private placement. In total, Stria issued 405,405 flow-through shares at a price of $0.37 per flow-through share for total proceeds of $149,999.85.
In this private placement, directors and officers of Stria subscribed for aggregate proceeds of $99,999.90. In connection with the private placement, Stria didn't pay any finder's fee. All securities issued pursuant to the private placement are subject to a mandatory hold period of four (4) months ending April 25, 2014.
The private placement is subject to final approval from the TSX Venture Exchange.
About Stria Capital Inc.
Stria recently commenced operations as a Tier 2 mining issuer. Prior to the TSX approval on December 17, 2013 of the company's acquisition of the Pontax-Lithium property, in Quebec, as the company's qualifying transaction, Stria Capital Inc., had been a Capital Pool Company.
Stria Capital Inc. (TSX VENTURE: SRA) is engaged on the acquisition and development of clean technology mineral properties in North America.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Stria Capital Inc.
President and Chief Executive Officer