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New Listing: Straightup Resources (CSE:ST)

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Straightup is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada.

Additional Information:

Company: Straightup Resources
Website: http://www.StraightupResources.com
Stock Symbol: CSE: ST
Date Published: Mar 12, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Straightup Resources is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “ST”.

Straightup is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada.

The company has an exclusive option to acquire a 100% interest in the Hi-Mars Property.

The Hi-Mars Property consists of 11 contiguous mineral titles covering an area of 1,788 hectares located approximately 17 kilometres northeast of the City of Powell River in the southwest British Columbia, Canada, within the Vancouver Mining Division.

The Hi-Mars Property covers six distinct Minfile mineral occurrences, all of which are classified as porphyry copper-moly types.

Soil and rock sampling in the vicinity of these showings in 2017 confirmed the presence of anomalous soils and low to moderate grade copper and moly mineralization in granitic rocks at these showings, essentially confirming the results of previous exploration work on the Property.

However, several showings located in 2017 along some of the more recent logging roads appear to be new.

These discoveries have expanded the area of interest on the Property and warrant more follow-up work.

It acquired a 51% interest in the Property by paying $5,000.

In order to acquire the remaining 49% interest in the Property, the company is required to make additional cash payments of $155,000; issue 600,000 shares and incur a minimum of $600,000 in exploration expenditures, all staged over 4 years.

The NI 43-101 report filed on Sedar recommends a Stage 1 exploration program focussed on additional soil sampling with coincident IP surveys in targeted areas.

The company raised gross proceeds of $396,800 from the sale of 3,968,000 shares, including an over-allotment of 468,000 shares, with the shares priced at $0.10 per share, with Canaccord Genuity acting as agent for the IPO.

The shares are currently bid at $0.10, with no shares offered and no trades to date.

For more information, please visit the company’s website www.StraightupResources.com, contact Matthew Coltura, President and CEO, at 778-886-6200 or by email at m.coltura@hotmail.ca.

I’m Cassandra Bolinski for Investmentpitch Media