Strateco Resources Inc. (TSX:RSC) announced that it has signed an agreement of 28,000,000 common shares at a price of CAD 0.05 per share to existing investor Sentient Global Resources Fund 4, a fund managed by Sentient Group Limited for gross proceeds of CAD 1,400,000 on May 8, 2014. The investor acquired 13.10% stake in the company. The company will not pay any commission or fees in connection with the transaction.

The investor presently owns 14.80% of the issued and outstanding common shares of the company. The transaction is subject to regulatory approval and to shareholder approval.