StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) ("StraightUp" or the “Company”) is pleased to announce that it has received its early exploration permit (PR-21-000261) from the Ministry of Northern Development and Mine, Natural Resources and Forestry (NDMNF) on their RLX North property, located within the Red Lake Greenstone Belt of Northwestern Ontario. The permitted activities are mechanized drilling (assembled weight >150kg) and ground geophysical surveys requiring a generator. This permit is effective for a period of three (3) years.
StraightUp Resources Inc. ("StraightUp"or the “Company”) announces non-brokered private placement (the “Private Placement”), of up 7,500,000 Units (the “Units”) at a price of C$0.20 per Unit for aggregate gross proceeds of up to C$1,500,000. Each Unit in the Private Placement consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the subscriber to purchase one additional common share of the issuer at a price of $0.30 per warrant share for a period of two years from the closing date. If the common shares trade on the Canadian Securities Exchange at a price of $0.50 or greater per common share for a period of 10 consecutive trading days, the Company may accelerate the expiry of the warrants by giving notice to the holders thereof, such that the warrants shall expire on the 31st day after the date of such notice. The Company may offer a portion of the Private Placement on a flow through basis.