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Strachan Announces Filing of Short Form Offering Document

Strachan Resources Ltd. (SCN-P.V), a capital pool company, has entered into an agency agreement with Canaccord Genuity in connection with a previously announced financing to be completed by way of a Short Form Offering Document in accordance with the rules of the TSX Venture Exchange.

Under the terms of the agency agreement, the agent has been appointed to act as Strachan's agent to raise 3,325,000 non flow-through units of Strachan at $0.09 per NFT Unit and 2,000,000 flow-through units of the company at a price of $0.10 per FT Unit for gross proceeds of $499,250.

Strachan intends to use the net proceeds from the offering to complete a Qualifying Transaction, to carry out the recommended Phase 1 exploration program on the Chu Chua Property, and for general working capital purposes.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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