Stratabound Minerals Corp. announced a non-brokered private placement of up to 60,000,000 units at a price of CAD 0.025 per unit for the gross proceeds of up to CAD 1.5 million on January 3, 2024. Each unit shall consist of one common share and one common share purchase warrant.

Each warrant shall entitle the holder to purchase one common share at an exercise price of CAD 0.05 per common share for a period of two years following the date of closing. The company may accelerate the expiry date if the shares trade at CAD 0.30 or more for a period of 10 days, including days where no trading occurs. The closing of the offering is expected to occur one business day following receipt of all required regulatory approvals.

The offering may be closed in one or more tranches. The total number of units issued in connection with the offering may be changed at the company's sole discretion. The company will pay finder's fees to eligible arm's-length persons with respect to subscriptions accepted by the company.