Sheltered Oak Closes Private Placement
30 Dicembre 2010 - 9:51PM
PR Newswire (Canada)
TORONTO, Dec. 30 /CNW/ -- Trading Symbol: TSX-V OAK TORONTO, Dec.
30 /CNW/ - Sheltered Oak Resources Corp. ("OAK" or the "Company")
(TSXV: OAK) today announced the completion of a Private Placement
(the "Private Placement") for aggregate proceeds of $189,000,
consisting of 2,100,000 units of the Company (the "Units") at a
price of $0.09 per Unit. Each Unit is comprised of one common share
in the capital of the Company (a "Common Share") and one-half of
one Common Share purchase warrant (each whole warrant, a
"Warrant"). Each whole warrant shall entitle its holder to acquire
a Common Share at an exercise price of $0.12 per share for a period
of 18 months from the date of closing. The common shares issued are
subject to a four-month hold ending April 30, 2011. Richbert
Agencies S.A. subscribed for the full Private Placement and, with
this issuance, Richbert now holds 10.6% of the 78,487,235 issued
and outstanding shares of the Company. ABOUT SHELTERED OAK
RESOURCES CORP. Sheltered Oak Resources Corp. is focused on mineral
exploration opportunities within Canada and owns a 100% interest in
42 mining claims including one mining lease totaling 4,672 hectares
which comprise the Kerrs Gold Property, located in the prolific
area of the Abitibi Greenstone Belt in northeastern Ontario.
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. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/30/c8133.html
table border="1" cellspacing="0" class="cnwBorderedTable"tr
valign="top"td valign="top" align="center"bSheltered Oak Resources
Corp./bbr/ J.J Elkinbr/ President and CEObr/ (T) 416-628-5802br/
(F) 416-628-5051br/ (E) a
href="mailto:jj@shelteredoak.com"jj@shelteredoak.com/a/td td
valign="top" align="center"bSheltered Oak Resources Corp/b.br/ Art
Hampsonbr/ Chief Financial Officerbr/ (T) 416-628-5802br/ (F)
416-628-5051br/ (E)a
href="mailto:ahampson@shelteredoak.com"ahampson@shelteredoak.com/a/td
td valign="top" align="center"bCHF Investor Relations/bbr/ Jeanny
Sobr/ Director of Operationsbr/ (T)416 868 1079 ext. 225br/ (F)416
868 6198br/ (E)a
href="mailto:jeanny@chfir.com"jeanny@chfir.com/a/td td valign="top"
align="center"bCHF Investor Relations/bbr/ Chris Haldanebr/ Account
Managerbr/ (T)416 868 1079 ext. 237br/ (F)416 868 6198br/ (E)a
href="mailto:chris@chfir.com"chris@chfir.com/a/td/tr/table
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