Sheltered Oak Completes 2nd Tranche of Private Placement
01 Octobre 2010 - 8:00PM
PR Newswire (Canada)
OAKVILLE, ON, Oct 1 /CNW/ -- Trading Symbol: TSX-V OAK OAKVILLE,
ON, Oct 1 /CNW/ - Sheltered Oak Resources Corp. (TSXV:OAK) (the
"Company") announced today that it has completed the second tranche
of its previously announced private placement offering (the
"Offering") of units and flow-through units for aggregate proceeds
of $642,100.02. The Company issued 3,623,333 Units (the
"Units") at $0.09 per Unit and 3,160,000 flow-through Units (the
"FT Units") at $0.10 per FT Unit. Each Unit is
comprised of one common share in the capital of the Company and
one-half of one common share purchase Warrant (each whole warrant,
a "Warrant"). Each FT Unit was issued on a flow-through basis
and is comprised of one common share in the capital of the Company
and one-half of one Warrant. Each whole Warrant shall entitle
its holder to acquire a common share in the capital of the Company
at an exercise price of $0.12 per share for a period of 18 months
from the date of closing. Union Securities Ltd. acted as the agent
in connection with the Offering. As part consideration, the
Company issued non-transferable compensation options ("Compensation
Options") entitling Union Securities Ltd. and other selling group
members to purchase in the aggregate 361,000 units of the
Company. The terms of the Compensation Options were described
in the news release dated June 2, 2010. The Company will use the
proceeds from the Private Placement for further exploration on the
Kerrs Property and for working capital purposes. If you would
prefer to receive news releases via email please contact Nadine
O'Neill (nadine@chfir.com) and specify "Sheltered Oak Resources
Corp." in the subject line. 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. table cellspacing="0"
border="1" class="cnwBorderedTable" valign="top"tr valign="top"td
align="center"bSheltered Oak Resources Corp.br//bJ.J
Elkinbr/President and CEObr/(E)a
href="mailto:jjelkin@shelteredoak.com"jjelkin@shelteredoak.com/a/td
td align="center"bSheltered Oak Resources Corp/b.br/Art
Hampsonbr/Chief Financial Officerbr/(T)905 827 5414br/(F)905 847
9575br/(E)a
href="mailto:ahampson@shelteredoak.com"ahampson@shelteredoak.com/a/td
td align="center"bCHF Investor Relationsbr//bJeanny 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
align="center"bCHF Investor Relationsbr//bChris 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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