August 13, 2016 / 1:27 AM / a year ago

BRIEF-Stratton Resources intends to raise up to $7 million through a non-brokered private placement.

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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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