Stroud Resources Ltd. Announces Share Consolidation and Private Placement
(WorldNews Canada)

TORONTO, Aug. 23, 2019 (GLOBE NEWSWIRE) -- Stroud Resources Ltd. (TSXV-SDR) (`Stroud` or `Company`) announces that the board of directors passed a resolution to proceed with a consolidation of common shares of the Company on the basis of ten (10) pre-consolidated shares for one (1) post consolidated share (the `Consolidation`). The Consolidation was approved by the Company´s shareholders at the Annual and Special Meeting held on November 30, 2018. The transaction is subject to TSX Venture Exchange (`TSXV`) approval. ......