Stratabound Minerals Corp. announced a non-brokered private placement of 40,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of up to CAD 2,000,000 on December 14, 2022. Each unit consists of one common share and one common share purchase warrant.

Each warrant entitles the holder to purchase one additional common share at CAD 0.07 for a period of two years from the date of closing. The warrant also contains an acceleration clause wherein if the common shares trade at CAD 0.20 for 10 consecutive trading days, the company has the right to accelerate the expiration date upon 30 days notice to the holders.