Stina Re-Announces Private Placement
November 9, 2016
Stina Resources Ltd. (the “Company”) wishes to announce that further to its news releases of May 6, 2016 and July 5, 2016, the Company is proceeding with its non-brokered private placement of up to $240,000 through the sale of up to 1.6 million common shares at $0.15 per common share.
The Company also announces that through the private placement as a prospectus exempt distribution of securities in consideration for forgiveness of bona fide debt, the Company will issue 340,000 common shares to a director of the Company at a deemed price of $0.15 per common share.
The private placement is subject to approval by the CSE.