Newstrike Resources Ltd.
TSX VENTURE : NR

Newstrike Resources Ltd.

March 28, 2007 16:17 ET

Newstrike Resources Ltd. Announces Completion of $140,000 Private Placement

TORONTO, ONTARIO--(CCNMatthews - March 28, 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 "Company") announced today that it has completed its previously announced non-brokered private placement financing pursuant to which issued an aggregate of 350,000 flow-through common shares at a price of $0.40 each to raise gross proceeds of approximately $140,000. The flow-through common shares are subject to a statutory hold period expiring July 29, 2007. The financing remains subject to the final approval of the TSX Venture Exchange.

Proceeds of the offering will be used to fund Newstrike's 2007 exploration programs.

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

Contact Information

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