NEWS RELEASE FOR:
STRATEGEM CAPITAL CORPORATION.
VANCOUVER, BRITISH COLUMBIA – March 5, 2002 – Strategem Capital Corporation (the “Company” or “Strategem”) (CDNX: SCX) announced today that it has completed a private placement financing of 700,000 Units for gross proceeds of $70,000. The financing was originally announced November 19, 2001. Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share for two years at $0.13 per share. The common shares and the shares resulting from the exercise of the warrants are subject to a hold period expiring on June 15, 2002.
About Strategem Capital
Strategem Capital Corporation is a publicly-traded merchant bank focused on the development of emerging companies with growth potential. The Company invests in
debt and/or equity positions in these companies.
This release and prior releases are available on the Company’s Internet web site located at www.strategemcapital.com.
BY ORDER OF THE BOARD OF DIRECTORS
“Kenneth W. Morgan”
Kenneth W. Morgan, CA, CPA
President, CEO and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.