Strongbow Exploration Inc. (SBW: TSXV) has increased the non-brokered private placement financing, previously announced on February 10, 2012, from 8 million units to 8.9 million units at a price of 13 cents per unit for gross proceeds of $1,157,000. All other terms of the private placement financing remain the same.
Net proceeds from the private placement will be used to fund exploration activities at Strongbow's Midway and Ridgeway gold projects in South Carolina as well as for general working capital. The private placement remains subject to regulatory acceptance and approval.
STRONGBOW EXPLORATION INC.
/s/"Kenneth A. Armstrong"
Kenneth A. Armstrong
President and CEO
For further information, please contact:
Ken Armstrong
President and CEO
Tel: 604 668 8355
Email: info@strongbowexploration.com
Website: www.strongbowexploration.com