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Client Work

Sheltered Oak Resources completes non-brokered private placement

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Sheltered Oak Resources

On September 24, 2009, Sheltered Oak Resources Corp. announced that it had completed a non-brokered private placement with the MineralFields Group and others for (i) 9,940,000 units of the Company and (ii) 2,000,000 flow-through units of the Company for aggregate proceeds of $1,134,300. Sheltered Oak will use the proceeds from the private placement for further exploration on the Kerrs Property and for working capital purposes. Sheltered Oak is a junior mineral exploration corporation. Sheltered Oak was advised in this transaction by Nancy Eastman and Amira Abouali of Fasken Martineau.


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