VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 22, 2009) - Newstrike Capital Inc. (NEX:NES.H) ("Newstrike" or "the Company") is pleased to announce that it has completed a non-brokered private placement originally announced on March 31, 2009. The Company raised $400,000 through the issuance of 4,000,000 common shares at a price of $0.10 per share. The proceeds will be used for general working capital.
The common shares being issued are restricted from trading until September 22, 2009, as required by TSX Venture 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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