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Published on 2/12/2013 in the Prospect News PIPE Daily.

Goldstrike Resource arranges C$1.7 million private placement of stock

Offering funds exploration at the company's Yukon mineral properties

By Devika Patel

Knoxville, Tenn., Feb. 12 - Goldstrike Resources Ltd. said it will conduct a C$1.7 million non-brokered private placement of stock.

The company will sell common shares at C$0.20 apiece. The price per share is a 16.67% discount to the Feb. 11 closing share price of C$0.24.

Proceeds will be used for exploration of the company's Yukon mineral properties and for general working capital.

Goldstrike is a gold exploration company based in Vancouver, B.C.

Issuer:Goldstrike Resources Ltd.
Issue:Common shares
Amount:C$1.7 million
Price:C$0.20
Warrants:No
Agent:Non-brokered
Pricing date:Feb. 12
Stock symbol:TSX Venture: GSR
Stock price:C$0.24 at close Feb. 11
Market capitalization:C$14.46 million

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