| Newstrike Resources Announces $140,000 Non-Brokered Private Placement | |
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Microsoft Word - PR_March152007.DOC
NEWSTRIKE RESOURCES LTD.
NEWSTRIKE RESOURCES ANNOUNCES $140,000 NON-BROKERED PRIVATE PLACEMENT
Toronto, Ontario, March 15, 2007 - Newstrike Resources Ltd. (TSX-V: NR) ("Newstrike" or the "Corporation") is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $140,000 through the issuance of an aggregate of
350,000 flow-through shares ("Flow-Through Shares") at a price of $0.40 per Flow-Through
Share.
Up to 200,000 of the flow-through shares offered by the Corporation, may be purchased by insiders and associates of insiders of the Corporation. All of securities issued and issuable in connection with the financing will be subject to a hold period until the date that is four months and one day following the closing of the financing.
The private placement is subject to the approval of the TSX Venture Exchange. For additional information, please contact:
Donald T. Rankin: 416.628.6556
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
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Newstrike Resources Ltd.
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EXPLORATION STAGE |
CODE : NR.V |
ISIN : CA6525081023 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Newstrike Res. is a gold exploration company based in Canada. Newstrike Res. holds various exploration projects in Canada. Its main exploration properties are COMMODORE PROPERTY, JEAN PROPERTY and FALCONBRIDGE in Canada. Newstrike Res. is listed in Canada. Its market capitalisation is CA$ 7.9 millions as of today (US$ 6.0 millions, € 5.6 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.04, and its lowest recent point on February 26, 2016 at CA$ 0.02. Newstrike Res. has 54 220 000 shares outstanding. |