Stroud Resources Ltd. (TSXV:SDR) announced a private placement of up to 13,333,333 units at CAD 0.15 per unit for gross proceeds of up to CAD 2,000,000 on August 23, 2019. Each unit will consists of one common share and one-third share purchase warrant, with each whole warrant exercisable at CAD 0.15 per share for a period of 1 year. All securities issued will be subject to a four-month hold period from the closing date. The transaction is subject to the approval of the TSX Venture Exchange. The company may pay finder's fees of 7% of gross proceeds and issue 7% or units issued as finder's warrants exercisable at CAD 0.20 per share for a period of 24 months.