NEWS RELEASE FOR:
STRATEGEM CAPITAL CORPORATION.
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VANCOUVER, BRITISH COLUMBIA – October 20, 2005 – Strategem Capital Corporation (“Strategem” or the “Company”) (TSX-V: SGE) announced today that it has raised the price of the private placement announced July 27, 2005 and expanded the offering.
The revised private placement financing will consist of 410,000 Units for gross proceeds of $229,600, 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 $0.70 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.
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.