Newstrike Capital Completes Private Placement

Newstrike Capital Inc. (TSXV:NES) announces that the company has raised $2,000,000 in cash proceeds through the issuance of 5,000,000 units at a price of $0.40.

The press release is quoted as saying:

Each unit is comprised of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to acquire a common share of the Company at $0.80 per common shares for a period of 18 months expiring on April 19, 2012.The proceeds will be used to fund near-term exploration activities on the Company’s Ana Paula project in the State of Guerrero and for general working capital purposes.

Click here to access the entire press release

Click here to Newstrike Capital Inc. Corporate Site