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.
Kenneth A. Armstrong
President and CEO