Stratton Resources Inc. (TSXV:SI) announced a non-brokered private placement of up to 20,000,000 common shares at a price of CAD 0.65 per share for gross proceeds of CAD 13,000,000 on January 20, 2017. The transaction is expected to close on or before February 20, 2017. All securities will be subject to a hold period of four months. The transaction is subject is subject to customary closing conditions including, but not limited to, the negotiation, execution of definitive placement agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The company may pay finder's fee in the transaction.