NEWS RELEASE FOR:
STRATEGEM CAPITAL CORPORATION.
CONTACT:
Ken Morgan
1-604-692-0073
Email: info@strategemcapital.com or visit
www.strategemcapital.com
VANCOUVER, BRITISH COLUMBIA – June 3, 2005 – Strategem Capital Corporation (“Strategem” or the “Company”) (TSX-V: SGE) announced today that is has arranged a private placement financing of 285,000 Units for gross proceeds of $102,600, subject to regulatory approval. 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 $0.40 per share. The common shares and the shares resulting from the exercise of the warrants will be subject to a four month hold period. The proceeds of the private placement will be used for working capital.
The Company also announced that it will grant 190,000 stock options. The options will have an exercise price of $0.40 per share, will vest over 18 months, and will expire in five years.
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.
