Strongbow Increases Private Placement Financing
Strongbow Exploration Inc. (SBW: TSXV) has increased the non-brokered private placement financing, previously announced on February 10, 2012, from 8 million units to 8.9 million units at a price of 13 cents per unit for gross proceeds of $1,157,000. All other terms of the private placement financing remain the same. Net proceeds from the private placement will be used to fund exploration activities at Strongbow's Midway and Ridgeway gold projects in South Carolina as well as for general working capital. The private placement remains subject to regulatory acceptance and approval. STRONGBOW EXPLORATION INC. /s/"Kenneth A. Armstrong" Kenneth A. Armstrong President and CEO
Strongbow is a nickel and copper exploration company based in Canada.
Strongbow holds various exploration projects in Canada.
Its main exploration properties are COMMITEE BAY, KAT, INZA, SNOWBIRD, SPENCES BRIDGE GOLD BELT, SHOVELNOSE, NAPAKTULIK, FURY, SARCPA, SKOONKA CREEK, SOUTH THELON, STARFISH, WALES ISLAND, BEAR, DARING LAKE, HOPE BAY (ORO), TREE RIVER, ANIALIK, CANOE LAKE, KINGORA, LDG, TENACITY SOUTH, NORTH THELON, JEWEL, MUSK, NOWYAK LAKE, GEM, ULU SOUTH, MIDWAY GOLD PROJECT, BLUE LAKE, REGAN LAKE, NICKEL KING, MELVILLE - FURY/ SARCPA/ GEM, MELVILLE PENINSULA AVIAT 2 and WEST KITIKMEOT (NTI PROPERTIES) in Canada and AVOCA and PARKER (NORTH CAROLINA) in Ireland.
Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.02, and its highest recent level on February 18, 2011 at CA$ 8.00.
Strongbow has 60 570 000 shares outstanding.