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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (2857)10/16/2013 8:59:54 PM
From: Goose94Read Replies (2) of 203586
 
Newstrike Resources (NR-V) increases placement to $333,750, insiders subscribed for 1.1 million units

Oct 11, 2013 - News ReleaseNewstrike Resources Ltd. has closed the first tranche of its previously announced non-brokered private placement, pursuant to which it has issued an aggregate of 4.35 million units at a price of 6.5 cents per unit to raise aggregate gross proceeds of $282,750. Each unit consists of one common share and one share purchase warrant of Newstrike, with each share purchase warrant entitling the holder thereof to acquire one additional common share of Newstrike for a period of 24 months at an exercise price of 10 cents per share. Insiders of Newstrike subscribed for 1.1 million units in the offering. A second tranche is expected to close shortly.

All securities issued and issuable in connection with the offering are subject to a statutory hold period expiring on Feb. 12, 2014. The private placement remains subject to the approval of the TSX Venture Exchange.

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