January 20, 2017 / 12:13 PM / in 7 months

BRIEF-Stratton Resources to raise up to $13,000,000 through non-brokered private placement

Jan 20 (Reuters) - Stratton Resources Inc

* Stratton Resources to raise up to $13,000,000 through non-brokered private placement

* Says intends to use net proceeds for precious metal exploration on its projects in Newfoundland, further mineral property acquisitions

* Stratton Resources Inc says non-brokered private placement for up to 20 million common shares of company at a price of C$0.65 per share

* Announces non-brokered private placement for up to 20 million common shares of company at a price of cad$0.65 per share Source text for Eikon: Further company coverage:

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