Strike Minerals Inc. (STK-V) Engages Foundation Markets Inc. as Advisor
JUNE 21, 2010
Strike Minerals Inc. (“Strike” or the “Company”) has entered into an agreement to engage Foundation Markets Inc. (``Foundation``) as financing agent and mergers and acquisitions advisor.
Initially Foundation will act as agent to arrange a private placement financing of up to a maximum of $300,000. The funds will be used for corporate purposes, exploration on the Company`s Edwards property and to initiate a strategic acquisition process. On completion of a strategic acquisition Foundation will act as agent to arrange a second financing based on the business plan as a result of the transaction. Foundation will receive cash and share compensation for arranging the financings.
Foundation will also act as an exclusive advisor to the company to initiate and complete a strategic acquisition. This transaction is expected to be either a property or company acquisition that will provide significant shareholder value to the company.
ABOUT STRIKE MINERALS
Strike Minerals is a TSX-V listed company that is engaged in the exploration and development of precious metal properties in Canada. Its primary property is the former producing Edwards Gold Mine property in the Goudreau – Lochalsh Gold Camp near Wawa Ont. Historic production in the camp between 1930 and 2001 is estimated at 500,000 ounces. Between 1996 and 2001 underground development was completed through a decline to a depth of approximately 290 m resulting in 145,000 oz being mined from the Edwards property. More recent exploration of the property has delineated an additional number of mineralized zones that require follow-up.
ABOUT FOUNDATION MARKETS INC.
Foundation is a Toronto-based boutique investment bank and corporate finance advisory firm licensed as an Exempt Market Dealer. The firm is focused on working with small-and medium-sized companies with rapid growth potential, specializing in assisting pre-public clients in accelerating access to private capital and executing going-public transactions. FMI also works with public companies on financing, mergers and acquisitions transactions, and strategic advisory services.
