Newlook Industries Corp.
TSX VENTURE : NLI

Newlook Industries Corp.

July 31, 2009 09:46 ET

Newlook Closes Private Placement

TORONTO, ONTARIO--(Marketwire - July 31, 2009) - Newlook Industries Corp. ("Newlook") (TSX VENTURE:NLI) is pleased to announce that it has closed a non-brokered private placement in its securities at a price of $0.25 per common share for total proceeds of $275,000, subject to regulatory approval.

A total of 1,100,000 common shares are to be issued. No warrants were issued. The common shares comprising the private placement will carry a statutory four-month hold period.

Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 477-5656 or refer to www.sedar.com.

The management of the company, who take full responsibility for its content, prepared this press release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Newlook Industries Corp.
    John G. Simmonds
    Chief Executive Officer
    (416) 477-5656 x301