Published on 9/28/2009 in the Prospect News PIPE Daily.
New Issue: Newstrike Resources arranges C$1 million private placement of units
By Devika Patel
Knoxville, Tenn., Sept. 28 - Newstrike Resources Ltd. said it plans a C$1 million non-brokered private placement of units.
The company will sell 1,666,666 units at C$0.60 apiece. Each unit consists of one flow-through share and one warrant, with each warrant exercisable at C$0.75 for two years.
Newstrike, based in Toronto, is an early stage mineral exploration company.
| Issuer: | Newstrike Resources Ltd.
|
| Issue: | Units of one flow-through share and one warrant
|
| Amount: | C$1 million
|
| Units: | 1,666,666
|
| Price: | C$0.60
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 28
|
| Stock symbol: | TSX Venture: NR
|
| Stock price: | C$0.60 at close Sept. 25
|
| Market capitalization: | C$9.16 million
|
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