Lukas H. Lundin

May 11, 2006 20:25 ET

Lukas H. Lundin: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 11, 2006) - (This release is made in accordance with the requirements of Subsection 111 of the Securities Act (British Columbia) and Subsection 176 of the Securities Act (Alberta)

Lukas H. Lundin, announces that he has acquired 2,150,000 common shares of Newstrike Capital Inc. (formerly, MCS Global Corp.). The shares were acquired pursuant to a private placement transaction at a price of C$0.05 per share which closed on May 9, 2006.

As a result of this acquisition, Mr. Lundin holds as at the date hereof, an aggregate of 2,150,000 common shares which holdings represent approximately 17.6% of the issued and outstanding shares of Newstrike, on a non-diluted basis, prior to giving effect to the exercise of 2,150,000 warrants held by Mr. Lundin.

Mr. Lundin acquired the securities of Newstrike for investment purposes only and not for the purpose of influencing control or direction over Newstrike. Mr. Lundin may, subject to market conditions, make additional investments in or dispositions of common shares of Newstrike.

Contact Information

  • Namdo Management Services Ltd.
    Sophia Shane
    (604) 689-7842