VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - Newstrike Capital Inc. (NEX:NES.H) ("Newstrike" or "the Company") is pleased to announce that it has agreed to a non-brokered private placement of up to 5,000,000 common shares at a price of $0.10 per share for cash proceeds of up to $500,000. The proceeds will be used for general working capital. This private placement is subject to regulatory approval, and the shares will be restricted from trading for a period of four months from the date of issuance in compliance with TSX Venture Exchange policies and securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Newstrike Capital Inc.
Mr. Richard Whittall
President & CEO
(604) 605-4654
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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