Key Developments: Newstrike Capital Inc (NWSKF.PK)
0.75USD
11:29am EDT
$-0.01 (-1.57%)
$0.76
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$0.77
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2,700
3,224
$2.64
$0.72
Latest Key Developments (Source: Significant Developments)
Newstrike Capital Inc Closes CDN$24.8 Million Bought Deal Private Placement
Newstrike Capital Inc announced that it has closed its previously announced CDN$24.8 million bought deal private placement of common shares. Newstrike issued a total of 8,000,000 common shares at a price of CDN$3.10 per common share raising gross proceeds of CDN$24.8 million (Private Placement). The private placement financing was placed by a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., Scotia Capital Inc., Euro Pacific Canada Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. (collectively, the Underwriters). The net proceeds of the Private Placement will be used for continued exploration of the Company's Ana Paula project as well as other exploration activities within the Guerrero Gold Belt and for general corporate purposes and working capital. In connection with the offering, the Underwriters were paid a cash commission in an amount equal to 5.0% of the gross proceeds of the financing. The common shares issued pursuant to the private placement will be subject to a four-month hold period expiring on July 21, 2012. Full Article
Newstrike Capital Inc Announces CAD24.8 Million Bought Deal Private Placement
Newstrike Capital Inc announced that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., Scotia Capital Inc., Euro Pacific Canada Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Limited, (collectively Underwriters) pursuant to which the Underwriters have agreed to purchase 8,000,000 common shares (Common Shares) of the Company on a bought deal private placement basis at a price of $3.10 per Common Share. The offering is scheduled to close on or about March 20, 2012. The net proceeds of the Offering will be for continued exploration of the Company's Ana Paula project as well as other exploration activities within the Guerrero Gold Belt and for general corporate purposes and working capital. Full Article
Newstrike Capital Inc's Minera Aurea Signs Land Purchase Option Agreement At Ana Paula Project
Newstrike Capital Inc announced that its wholly-owned Mexican subsidiary, Minera Aurea, has entered into a purchase option agreement for certain privately held land parcels at the Ana Paula Project in Guerrero State, Mexico. The Company will acquire 100% ownership in approximately 935.85 hectares by making staged payments over the next four years for a total of CAD983,624 (based on a 13.32 Mexican peso exchange rate the day of signing). This agreement is pending final registration with the Mexican Government. Full Article
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