Stratabound Minerals Announces Resumption of Trading on the TSX Venture Exchange
CALGARY, April 21, 2016 - Stratabound Minerals Corp. (TSX VENTURE: SB) ("Stratabound" or "the Company") is pleased to announce that the TSX Venture Exchange has approved the Company's application for reinstatement of trading in Stratabound's common shares, and trading is scheduled to resume on Thursday, April 21, 2016.The resumption of trading in the Company's shares is a major step forward toward completion of the Company's proposed combination with Silver Stream Mining Corp. The Company is continuing to work with the Exchange regarding the review of the transaction, although the Exchange has not yet made its acceptance. Should such acceptance be granted, and should the transaction be completed as currently contemplated, including the conversion of certain debts to Bellport Resources Ltd., the Company expects to have a total of 431,555,033 shares outstanding.
The Company is presently in the process of scheduling a meeting of shareholders for late June in Calgary (date, time and location are to be finalized) and at that time the Company plans to request that shareholders approve a 6 for 1 share consolidation, which would result in approximately 72 million shares outstanding. The Company is also working to complete the audit of December 31, 2015 financial statements, and such statements would also be presented for approval at the meeting.
Interim CEO Michael Page commented, "The resumption in trading of Stratabound's common shares is a major accomplishment as we work to re-establish Stratabound through the proposed combination with Silver Stream Mining Corp."
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.
WARNING: the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory or shareholder approval, failure of Silver Stream to close the proposed business combination, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
100 King Street West, Suite 5700
Toronto, Ontario, Canada, M5X 1C7
Phone 416 915 4157
Fax 416 915 4257
E-mail: info@stratabound.com
Website: www.stratabound.com
For further information contact:
Michael Page, FAusIMM, Interim CEO
720-560-3812
info@stratabound.com
www.stratabound.com
Inquiries with respect to the proposed Stratabound -- Silver Stream transaction may also be directed to:
Terry Byberg, President and CEO
Silver Stream Mining Corp.
416-915-4157
info@silverstreammining.com
www.silverstreammining.com