Strike Graphite Corp. Announces $1M Non-Brokered Private Placement Offering and Receipt of Conditional Acceptance for Property

Strike Graphite Corp. Announces $1M Non-Brokered Private Placement Offering and 
Receipt of Conditional Acceptance for Property
Acquisitions and Filing of the Debt Settlement 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/03/14 --   Strike
Graphite Corp. ("the Company" or "Strike") (TSX VENTURE: SRK) is
pleased to announce that it has received conditional acceptance from
the TSX Venture Exchange (the "Exchange") for its proposed
acquisition of the Sask Craton Property and the Sask Craton North
Property (the "Property Acquisitions") and it has made filings with
the Exchange for its proposed debt settlement (the "Debt
Settlement"). The Property Acquisitions and Debt Settlement were
detailed by way of news release issued by the Company on May 22,
2014. The Property Acquisitions remain subject to certain conditions
to be satisfied by the Company prior to final acceptance by the
The Company is pleased to announce that it intends to conduct a
non-brokered private placement offering of up to 20 million units at
a price of $0.05 per unit for gross proceeds of up to $1,000,000 (the
"Offering"). Each unit will consist of one common share of the
Company and one-half of one common share purchase warrant, with each
full warrant entitling the holder thereof to purchase one additional
common share at a price of $0.10 per common share for a period of 24
months from closing of the offering. In connection with the Offering,
Strike Graphite may pay up to a 7% finder's fee on the gross proceeds
of the Offering. The Offering is expected to close in tandem with the
Property Acquisitions. Proceeds of the offering will be used to
finance the acquisition and exploration of the Property Acquisitions,
the completion of a NI 43-101 technical report and for general
working capital purposes.  
The units and underlying securities of the Offering will be subject
to a four-month and one day hold period from the date of issuance in
accordance with applicable securities laws. The Offering is subject
to certain conditions including the approval of the Exchange.  
In connection with the Debt Settlement, the Company further reports
that it intends to seek shareholder approval for the creation of two
new Control Persons (as that term is defined by the Exchange), being
Ryan Kalt and DG
 Resource Management Ltd., at its next shareholder
On behalf of the Board of Directors,  
Geoff Balderson, President  
Certain information set out in this news release may constitute
forward-looking statements or forward-looking information within the
meaning of applicable securities laws (collectively, "Forward-Looking
Statements"). All statements, other than statements of historical
fact, that address activities, events or developments that the
Company believes, expects or anticipates will or may occur in the
future are Forward-Looking Statements. Forward-Looking Statements are
often, but not always, identified by the use of words such as "seek",
"anticipate", "believe", "plan", "estimate", "expect", and "intend"
and statements that an event or result "may", "will", "can",
"should", "could", or "might" occur or be achieved and other similar
expressions. Forward-Looking Statements are based upon the opinions
and expectations of the Company based on information currently
available to the Company. Forward-Looking Statements are subject to a
number of factors, risks and uncertainties that may cause the actual
results of the Company to differ materially from those discussed in
the Forward-Looking Statements including, among other things, the
Company has yet to generate a profit from its activities; there can
be no guarantee that the estimates of quantities or qualities of
minerals disclosed in the Company's public record will be
economically recoverable; uncertainties relating to the availability
and costs of financing needed in the future; competition with other
companies within the mining industry; the success of the Company is
largely dependent upon the performance of its directors and officers
and the Company's ability to attract and train key personnel; changes
in world metal markets and equity markets beyond the Company's
control; mineral reserves are, in the large part, estimates and no
assurance can be given that the anticipated tonnages and grades will
be achieved or that the indicated level of recovery will be realized;
production rates and capital and other costs may vary significantly
from estimates; unexpected geological conditions; delays in obtaining
or failure to obtain necessary permits and approvals from government
authorities; all phases of a mining business present environmental
and safety risks and hazards and are subject to environmental and
safety regulation, and rehabilitation and restitution costs; the
Company does not maintain insurance against environmental risks; and
management of the Company have experience in mineral exploration but
may lack all or some of the necessary technical training and
experience to successfully develop and operate a mine.  
Although the Company believes that the expectations reflected in the
Forward-Looking Statements, and the assumptions on which such
Forward-Looking Statements are made, are reasonable, there can be no
assurance that such expectations will prove to be correct. Readers
are cautioned not to place undue reliance on Forward-Looking
Statements, as there can be no assurance that the plans, intentions
or expectations upon which the Forward-Looking Statements are based
will occur. Forward-Looking Statements herein are made as at the date
hereof, and unless otherwise required by law, the Company does not
intend, or assume any obligation, to update these Forward-Looking
Neither 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.  
We seek safe harbor. 
Strike Graphite Corp.
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