placement 2.45 for 32mil dollars

www.strikeresources.com.au
STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724
Level 14, 221 St Georges Terrace, Perth WA 6000
ASX Code: SRK T | (08) 9214 9700 F | (08) 9322 1515 E | [email protected]
Tuesday, 13 May 2008
MARKET ANNOUNCEMENT
Completion of $32 Million Institutional Capital Raising
The Company is pleased to announce the completion of a $32 million share placement to
Australian, UK and US based institutional and professional clients of BBY Limited through
the issue of 13.051 million shares at an issue price of $2.45.
BBY has advised the Company that the issue was heavily over-subscribed, with strong
domestic and international support being received.
The Company is pleased that that there is now a growing number of significant institutional
investors on its share register, who support the Company and its operations moving
forward.
Placement funds will be used to further develop the Company’s Peruvian iron ore projects.
The issue was made under the Company’s existing 15% placement capacity, without the
need for shareholder approval. The Company expects to allot these shares on or about 21
May 2008.
Further information:
John Stephenson
Chairman
T | (08) 9214 9700
E | [email protected]
Shanker Madan
Managing Director
T | (08) 9214 9700
E | [email protected]