News Column

LUCKY STRIKE RESOURCES LTD. - FIRST TRANCHE PRIVATE PLACEMENT FOR 4,156,000 SHARES CLOSED

June 9, 2014



ENP Newswire - 09 June 2014

Release date- 06062014 - Vancouver, BC - Lucky Strike Resources Ltd. (TSX-V: LKY) is pleased to announce that the first tranche of non-brokered private placement of 4,156,000 million units at a price of five cents per unit, for gross proceeds of $207,800 has been accepted for filing by the Regulatory Authorities.

Each unit consists of one common share and one warrant. Each warrant will be exercisable to acquire one common share at an exercise price of 10 cents at any time for a period of two years from the date of issuance; provided, however, that in the event that, at any time the closing price of the outstanding common shares on the exchange is greater than or equal to 35 cents for a period of 15 consecutive trading days, the issuer may, at its option, accelerate the expiry date of the warrants by giving notice to the holders thereof, and, in such case, the warrants will expire on the date which is the earlier of: (i) the 30th day after the date on which such notice is given by the issuer and (ii) the original expiry date.

The company will pay finders' fee for a total of $16,224 plus issue 385,600 Brokers warrants Each Brokers Warrant is exercisable into one common share at $0.10 for two year from closing.

All securities issued to purchasers and finders under the offering will be subject to a four-month and-a-day hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the exchange.

The proceeds of the offering will be used for general working capital purposes.

This news release may contain certain 'Forward-Looking Statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

Contact:

Lucky Strike Resources Ltd.

Suite 915 - 700

West Pender St.Vancouver

BC Canada V6C 1G8

Tel: 604 681 8225

Fax: 778 329 1587

Email: info@luckystrikeresources.com

Website: www.luckystrikeresources.com


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters