Newstrike Resources Ltd.
TSX VENTURE : NR

Newstrike Resources Ltd.

June 05, 2007 13:24 ET

Newstrike Resources Completes $500,000 Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - June 5, 2007) -

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 has completed a non-brokered private placement pursuant to which it has raised aggregate gross proceeds of $500,000 through the issuance of an aggregate of 1,000,000 flow-through shares ("Flow-Through Shares") at a price of $0.50 per Flow-Through Share.

The Flow-Through Shares are subject to a hold period expiring on October 6, 2007. 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