Strike Minerals Inc.

Strike Minerals announces that the company is proceeding with the development of the Edwards Mine, 50 km NE of Wawa, Ontario. Strike announces that is appointing Kerry D. Smith P. Eng., MBA as President of the Company. Mr. Smith is an experienced individual with more than 30 years experience in the mining business. Previously he was with Hudson Bay Mining and Smelting and Denison Mines and worked as a mining analyst [...]

Strike Minerals announces that the company has commenced an underground development plan to test drill delineated gold mineralized zones on both the 60m and 90m levels of the Company's Edwards Mine, 50 km NE of Wawa, Ontario. The dewatering is now at 120m and underground development work to extend existing workings for 65m on the 60m level and 260 m on the 90m level is commencing. This development is planned to [...]

Strike Minerals announces that the company has completed a cursory surface investigation of the company's “Hemlo West Properties“ located near Schreiber, Ontario. The Company conducted a limited evaluation on the historical Harkness-Hayes property to determine accessibility to the property and obtained grab samples that contained any alteration (silicification, carbonitization) and/or rusty weathering/gossan [...]

Strike Minerals Iannounced today that it has closed a non-brokered private placement consisting of 3,236,764 flow-through units for proceeds of $275,125 and 9,535,768 non flow-through units for proceeds of $619,825; for total placement proceeds of $894,950. Each Unit consists of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder to acquire one additional common [...]

Strike Minerals, announces today that it has closed a $350,000 bridge loan with Waterton Global Value (Luxembourg) S.a.r.l. The Bridge Loan is the initial phase of the $3,850,000 of financing consisting of $3,500,000 of debt financing and $350,000 of equity financing announced November 3, 2011. The $350,000 Bridge Loan accrues interest at a rate of 7.00% per annum and is secured by the Company's direct 87.5% interest [...]

Strike Minerals announces the appointment of Bruce Staines, P.Eng. as “Vice President Mine Development, and focusing on the Edwards Mine Project“. Mr. Staines has over 50 years in the mining and construction industries in Canada and North America and extensive experience with mining highly concentrated ore deposits, both on surface and at depth. Strike is also pleased to announce the appointment of Ian McColl, P.Eng [...]

Strike Minerals announces that the company has purchased the balance of the ownership of key gold exploration claims at Hays Lake near Schreiber, Ontario that the company had not previously purchased under the original option agreements with the vendors. Strike President & CEO Michael Newbury stated; “given Strike's strategy of exploring developing historical mined projects that have near-term production [...]

Strike Minerals Inc. announces that it has increased the size of the non-brokered private placement previously announced on November 16, 2011 to up to $900,000 of aggregate gross proceeds from the sale of flow-through and non flow-through units. All other terms of the financing remain unchanged. The proceeds from the sale of flow-through units will constitute Canadian exploration expenses (as defined under the Income [...]

Strike Minerals announces that it has increased the size of the non-brokered private placement previously announced on November 1, 2011 to up to 9,076,923 Non-Flow Through Units at a price of $0.065 per Unit and up to 1,882,353 Flow-Through Units at a price of $0.085 for the aggregate gross proceeds of up to $750,000 consisting of up to $590,000 in Normal Units and up to $160,000 in FT Units.

Strike, announces today that it has signed certain term sheets pursuant to which Waterton Global Value, L.P. will provide the Company with up to $3,850,00 of financing consisting of $3,500,000 of Gold Stream Debt Financing and $350,000 of Equity Financing (the “Equity Financing“, and together with the Gold Stream Debt Financing, the. In connection with the Gold Stream Debt Financing, Waterton will provide the Company [...]