| Newstrike Resources Ltd. Announces Completion of $140,000 Private Placement | |
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Microsoft Word - Press Release re closing of $140000 non-brokered private placement.DOC
NEWS RELEASE MARCH 28, 2007
NEWSTRIKE RESOURCES LTD. ANNOUNCES COMPLETION OF $140,000
PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TSX-V Symbol: NR
Newstrike Resources Ltd. (NR:TSXV) ("Newstrike" or the "Company") announced today that it has completed its previously announced non-brokered private placement financing pursuant to which issued an aggregate of 350,000 flow-through common shares at a price of $0.40 each to raise gross proceeds of approximately $140,000. The flow-through common shares are subject to a statutory hold period expiring July 29, 2007. The financing remains subject to the final approval of the TSX Venture Exchange.
Proceeds of the offering will be used to fund Newstrike's 2007 exploration programs. For further information, please contact:
Donald T. Rankin: 416.628.6556
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release
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Newstrike Resources Ltd.
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EXPLORATION STAGE |
CODE : NR.V |
ISIN : CA6525081023 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Newstrike Res. is a gold exploration company based in Canada. Newstrike Res. holds various exploration projects in Canada. Its main exploration properties are COMMODORE PROPERTY, JEAN PROPERTY and FALCONBRIDGE in Canada. Newstrike Res. is listed in Canada. Its market capitalisation is CA$ 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. |