Strongbow Updates Acquisition of Two Alaskan Tin Projects and Private Placement Financing
22 June 2015
Strongbow Exploration Inc. (TSX-V: SBW) reports that, further to its news release of March 10, 2015, it has finalized the terms of its acquisition of each of the Sleitat and Coal Creek tin properties in Alaska (the "Properties"). Strongbow has signed a property purchase agreement (the "Agreement") with Osisko Gold Royalties Ltd ("Osisko") and Mr. R. Netolitzky, and their respective wholly-owned companies, Brett Alaska Resources Inc. ("Brett") and Thor Gold Alaska, Inc. ("Thor"). Thor holds a 20% undivided interest in the Sleitat property and Brett holds an 80% undivided interest in the Sleitat property and a 100% interest in the Coal Creek property. Mr. Netolitzky is a director of Strongbow and is therefore non-arm's length to Strongbow.
