Mr. Shawn Khunkhun reports
STRIKEPOINT GOLD INC. ANNOUNCES $500,000 PRIVATE PLACEMENT
Strikepoint Gold Inc. has arranged a non-brokered private placement, raising gross proceeds of up to $500,000 through the issuance of up to 2.5 million units at a price of 20 cents per unit. Each unit will be composed of one common share of the company and one common share purchase warrant. Each share purchase warrant will allow the holder to acquire an additional common share of the company at a price of 30 cents per share for a period of two years from the date of closing of the non-brokered private placement.
It is anticipated that a 7-per-cent finder's fee, payable in cash and warrants, will be paid in connection with the balance of the financing.
Proceeds of the private placement will be used for general working capital.
The private placement is subject to approval of the TSX Venture Exchange.
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