Stroud Resources Ltd. announced that it has raised $138,000 in its previously announced non-brokered private placement of units. Stroud has issued and sold 6,900,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one-half of one non-transferable common share purchase warrant. Each whole share purchase warrant entitles the holder to acquire one common share at a price of $0.05 until August 30, 2014 and thereafter at a price of $0.10 until August 30, 2015. All securities issued pursuant to the private placement are subject to a 4-month hold period. One insider of Stroud participated in the private placement purchasing 1,250,000 units. Directors of Stroud not participating in the private placement have approved the transaction.