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Stina
Completes Both Financings
TSX:V- "SQA"
12g3-2(b): 82-2062
Shares Issued 15,285,567
July 9, 2009 close: $0.51
July 10, 2009
Stina Resources Ltd.
(the "Company") (TSXV: SQA) is pleased to announce the closing of
the private placement for the sale of 3,000,000 common shares at the price
of $0.47 per common share which was announced on June 19, 2009. The Company
has also issued 250,000 common shares to Ryanwood
Exploration Inc. pursuant to the Kodiak Property Option Agreement
previously announced on June 19, 2009.
The Company is
also pleased to announce the closing of the non-brokered private placement
of 1,923,076 flow-through units ("FT Units") at $0.52 per FT Unit
to the MineralFields Group which was announced in
the Company's news release of June 24, 2009.
"We are very
pleased to be entering into this relationship with MineralFields
Group," said Edward Gresko, President. "This
is an important milestone in the growth of the Company and we look forward
to working with MineralFields Group as we develop
our property located in the Dawson Mining District, Yukon Territory,
Canada, and other future exploration projects."
The Company
announces November 11, 2009 as the hold period expiry date in respect of
the shares issued pursuant to the above mentioned private placements,
including the shares issued upon exercise of the shares purchase warrants
comprising the FT Units, and the 250,000 common shares issued to Ryanwood Exploration Inc.
About MineralFields,
Pathway and First Canadian Securities �
MineralFields Group (a division of Pathway Asset Management),
based in Toronto and Vancouver, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution of
structured products and mutual funds (including the Pathway Multi Series
Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities � is active in leading
resource financings (both flow-through and hard dollar PIPE financings) on
competitive, effective and service-friendly terms, and offers investment
banking, mergers and acquisitions, and mining industry consulting, services
to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies
to date through First Canadian Securities �.
Edward Gresko, President
Stina Resources Ltd.
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE
CONTENTS HEREIN.
STINA
RESOURCES LTD. WWW.STINARESOURCES.COM
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Stina Resources Ltd.
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