Stina Resources Ltd. (CSE: SQA) (OTCQB: STNUF) is pleased to announce that it has closed the third and final tranche of its previously announced and fully subscribed non-brokered private placement for gross proceeds of $924,161 through the issuance of 3,422,818 units of the Company at a price of $0.27 per Unit. Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase a Common Share at an exercise price of $0.45 for a period of three years following the closing of the Offering.

Certain eligible finders were paid cash commissions equal to 6% of the proceeds raised from subscribers introduced to the Company by such Finders and Finder Warrants equal to 6% of the Units issued pursuant to the Offering.

In total the Company raised an aggregate of $3,000,000 pursuant to the Offering, through the issuance of 11,111,109 Common Shares.

All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Proceeds of the Offering will be used for general working capital purposes.