Sheltered Oak Resources completes US$1.1 million private placement

On September 30, 2010, Sheltered Oak Resources Corp. (TSXV:OAK) completed the second tranche of its previously announced private placement offering of units and flow-through units. Along with proceeds from the first tranche which closed on June 30, 2010, Sheltered Oak raised aggregate proceeds of about $1.1 million. The company will use the proceeds from the private placement for further exploration on the Kerrs Property and for working capital purposes. Sheltered Oak was advised in this transaction by Nancy Eastman and Amira Abouali of Fasken Martineau.