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Strachan Resources Announces Proposed Financing

Strachan Resources Ltd. (SCN-P.V) has entered into an engagement letter with Canaccord Genuity with respect to the financing to be completed for its Qualifying Transaction of the option of the 100% interest in the Chu Chua Property, which consists of 53 mineral claims located in the Kamloops Mining Division, B.C.

Under the terms of the engagement letter, the Agent has been appointed to act as Strachan's agent to raise, on a "commercially reasonable efforts" basis, by way of a Short Form Offering Document, 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 the 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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