Strateco Resources Inc. (TSX:RSC) announced a private placement of 16,446,389 common shares at CAD 0.05 per share with existing investor, Sentient Global Resources Fund 4, fund managed by The Sentient Group for gross proceeds of CAD 822,319 on August 12, 2013. The company also issued 328,927 shares representing 2% of the gross proceeds to the investor as transaction fee. The securities being issued are subject to a hold period of four months plus one day from closing. Sentient Global Resources Fund 4 holds 12.44% stake in the company upon closing.

On August 12, 2013, Strateco Resources Inc. closed the transaction.