Stina Resources Completes Private Placement


Stina Resources Ltd. has closed the private placement for the sale of three million common shares at the price of 47 cents per common share which was announced in Stockwatch on June 19, 2009. The company has also issued 250,000 common shares to Ryanwood Exploration Inc. pursuant to the Kodiak property option agreement announced in Stockwatch on June 19, 2009.

The company has also closed a non-brokered private placement of 1,923,076 flow-through units at 52 cents per FT unit to the MineralFields Group which was announced in Stockwatch on June 24, 2009.

“We are very pleased to be entering into this relationship with MineralFields,” said Edward Gresko, president. “This is an important milestone in the growth of the company and we look forward to working with MineralFields Group as we develop our property located in the Dawson mining district, Yukon Territory, and other future exploration projects.”

The company provided Nov. 11, 2009, as the hold period expiry date in respect of the shares issued pursuant to the above mentioned private placements, including the shares issued upon exercise of the shares purchase warrants comprising the FT units, and the 250,000 common shares issued to Ryanwood Exploration Inc.

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