Newstrike Resources Ltd.
TSX VENTURE : NR

Newstrike Resources Ltd.

June 18, 2008 12:06 ET

Newstrike Resources Announces Completion of a $1,089,900 Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - June 18, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Newstrike Resources Ltd. (TSX VENTURE:NR) ("Newstrike" or the "Corporation") is pleased to announce that it has completed a non-brokered private placement to raise aggregate gross proceeds of $1,089,900 through the issuance of 1,816,500 flow-through shares ("Flow-Through Shares") at a price of $0.60 per Flow-Through Share. The financing was over-subscribed resulting in an increase in the number of Flow-Through Shares issued from the number originally announced on May 30, 2008.

The Flow-Through Shares are subject to a hold period expiring on October 19, 2008. The offering remains subject to the final approval of the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Newstrike Resources Ltd.
    Donald T. Rankin
    (416) 628-6556