Top Strike Resources Corp. (formerly Colossal Resources Corp.) announces closing of private placement
15 December 2012 - 4:54AM
PR Newswire (Canada)
Top Strike Resources Corp. (formerly Colossal Resources Corp.)
announces closing of private placement
CALGARY,
Dec. 14, 2012 /CNW/ - Top Strike
Resources Corp. ("Top Strike" or the "Corporation") (NEX - TSR.H)
is pleased to announce that it has changed its name from "Colossal
Resources Corp." to "Top Strike Resources Corp." (the "Name
Change") and has continued from the Province of British Columbia to the Province of
Alberta (the "Continuance")
pursuant to resolutions passed by shareholders of the Corporation
at the annual and special meeting held November 29, 2012. The Name Change and
Continuance were effective December 13,
2012. Copies of the Articles of Continuance are
available on the Corporation's SEDAR profile at www.sedar.com.
The Corporation is also pleased to announce that
it has closed its previously announced non-brokered private
placement of 4,273,666 units ("Units") at a price of $0.12 per Unit for aggregate subscription
proceeds of $512,839.92 (the
"Offering"). Each Unit is comprised of one common share and one
half of one common share purchase warrant of the Corporation with
each such whole warrant entitling the holder to acquire one common
share at a price of $0.20 for a
period of 12 months from the date of issuance. An insider of the
Corporation participated in the Offering and purchased an aggregate
of 125,000 Units, or 2.65% of the Offering. The common shares and
warrants are subject to a hold period under applicable securities
laws until April 15, 2013.
Neither the 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.
SOURCE Top Strike Resources Corp.
Copyright 2012 Canada NewsWire
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