Investors Zebra Holdings and Lorito Holdings get 50,000 bonus shares
By Devika Patel
Knoxville, Tenn., March 12 – Newstrike Capital Inc. said it arranged a C$2 million 5% loan agreement with Zebra Holdings and Investments Sarl and Lorito Holdings Sarl.
The loan is due on Aug. 31, 2015.
The investors also received 50,000 bonus common shares and will receive 250 shares per month per C$100,000 invested until the loan matures.
Proceeds will be used for general corporate purposes.
Vancouver, B.C.-based Newstrike explores gold and silver properties in Mexico.
| Issuer: | Newstrike Capital Inc.
|
| Issue: | Loan, 50,000 common shares
|
| Amount: | C$2 million
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| Maturity: | Aug. 31, 2015
|
| Coupon: | 5%
|
| Warrants: | No
|
| Investors: | Zebra Holdings and Investments Sarl and Lorito Holdings Sarl
|
| Pricing date: | March 12
|
| Stock symbol: | TSX Venture: NES
|
| Stock price: | C$0.75 at close March 11
|
| Market capitalization: | C$88.72 million
|
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