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Newstrike Capital Closes Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 22, 2010) - Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or "the Company") - www.newstrikecapital.com reports that it has completed the first tranche of its previously announced non-brokered private placement. In the first tranche, Newstrike issued 9,145,000 units at a price of $0.40 per unit for cash proceeds of $3,658,000. 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 from the date of issue, or January 21, 2010. The second tranche comprising the remaining 3,335,000 units is expected to close on or before August 6, 2010.
View More : http://www.marketwire.com/mw/release.do?id=1294144&sourceType=3
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