BRIEF-Stratton Resources intends to raise up to $7 million through a non-brokered private placement.
Aug 12 (Reuters) - Stratton Resources Inc
* Intends to raise up to $7 million through a non-brokered private placement.
* Placement will consist of up to 20 million common shares of company at a price of cad$0.35 per share
* Intends to use net proceeds for mineral property acquisitions and general corporate purposes
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