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Strateco Resources Inc.

Published : February 16th, 2012

Strateco Announces Private Placement Financing

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Keywords :   Colombia | Uranium |

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Strateco Resources Inc.
TSX: RSC
FRANKFURT: RF9
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February 16, 2012
Strateco Announces Private Placement Financing
BOUCHERVILLE, QUEBEC--(Marketwire - Feb. 16, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9) is pleased to announce that it has entered into an agreement with Primary Capital Inc. on behalf of a syndicate of registered dealers (the "Agents") pursuant to which Strateco shall offer for sale on a private placement basis "flow through" common shares of Strateco ("FT Shares") at a price of $0.65 per Quebec FT Share and $0.60 per federal FT Share, to raise aggregate gross proceeds of up to $7,000,000 (the "Offering"). The Agents shall also have the option exercisable in whole or in part to increase the size of the Offering up to $10,000,000, at any time up to 24 hours prior to closing.

The closing of the Offering is scheduled to take place on or about February 29, 2012 and is subject to a minimum subscription amount of $10,000. All securities issued will be subject to a four month hold period. The Offering is subject to a number of conditions, including the approval of the Toronto Stock Exchange.

The net proceeds of the Offering will be used to advance development of the Matoush uranium exploration project, located in the Otish Mountains of northern Quebec.

This news release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.

CONTACT INFORMATION:

Strateco Resources Inc.
Guy Hebert
President & Chief Executive Officer
450-641-0775 or 1-866-774-7722
Fax: 450-641-1601
ghebert@bbhgm.com

or

Strateco Resources Inc.
Jean-Pierre Lachance
Executive & Exploration Vice President
450-641-0775 or 1-866-774-7722
Fax: 450-641-1601
jplachance@bbhgm.com
www.stratecoinc.com

or

Strateco Resources Inc.
Jason Roy
Investor Relations Consultant
647-780-2837
Fax: 514-240-7662
jroy@stratecoinc.com
www.stratecoinc.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Strateco Resources Inc.

EXPLORATION STAGE
CODE : RSC.TO
ISIN : CA86269M1068
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Strateco Res. is a copper and lead exploration company based in Canada.

Strateco Res. holds various exploration projects in Canada.

Its main exploration properties are QUENONISCA, MISTASSINI, MONT-LAURIER, ECLAT, PACIFIC BAY, MATOUSH and APPLE in Canada.

Strateco Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 10.5 millions as of today (US$ 8.6 millions, € 7.6 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.00, and its lowest recent point on October 31, 2014 at CA$ 0.02.

Strateco Res. has 234 170 000 shares outstanding.

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TORONTO (RSC.TO)FRANKFURT (RF9.F)
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