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 – January 17, 2006 – Strategem Capital Corporation (the “Company” or “Strategem”) (TSX-V: SGE) is pleased to announce it has closed the private placement financing announced on October 20, 2005.
The gross proceeds of the private placement total CDN $221,762 consisting of 341,172 Units priced at $0.65 per Unit.
Each Unit consists of:
- One common share in the capital of the Company (each, a “Share”); and
- One common share purchase warrant.
Each common share purchase warrant is exercisable into one common share for two years at $0.81 per share. The private placement shares and warrants are 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.
