By Sheri Kasprzak
New York, Feb. 21 - Strike Resources Ltd. said it intends to raise up to C$3 million and at least C$2.5 million in a private placement.
The company will sell up to 3 million and a minimum of 2.5 million shares in the deal.
Wolverton Securities Ltd. is the placement agent.
The placement is expected to close by July 31.
Vancouver, B.C.-based Strike is a mineral exploration company.
| Issuer: | Strike Resources Ltd.
|
| Issue: | Stock
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| Amount: | C$3 million (maximum); C$2.5 million (minimum)
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| Shares: | 3 million (maximum); 2.5 million (minimum)
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| Price: | C$1.00
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| Warrants: | No
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| Placement agent: | Wolverton Securities Ltd.
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| Pricing date: | Feb. 20
|
| Settlement date: | July 31
|
| Stock symbol: | TSX Venture: SS
|
| Stock price: | C$0.88 at close Feb. 21
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