/NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
Trading Symbol: SLV.tsxventure
CALGARY, March 15 /CNW/ - Stealth Ventures Ltd. (Stealth) is pleased to
announce that, subject to regulatory acceptance, D & D Securities Company, of
Toronto, Ontario has been engaged as Agent with such other Agents as mutually
accepted, to offer a brokered private placement on a reasonable best efforts
basis, of up to $10 Million in Units at a subscription price of $1.25 per
Unit. Each Unit will consist of one common share and one-half of one common
share purchase warrant with one whole warrant entitling the holder to purchase
an additional common share at an exercise price of $1.50 for the period of
eighteen months from closing.
All securities issued pursuant to these private placements, including any
securities issued in payment of commissions or finders' fees, will be subject
to a four-month hold period, commencing at closing.
The proceeds from these private placements will be used to fund ongoing
exploration and development activities at Stealth's Shale Gas properties in
Saskatchewan and Alberta, and at its CBM properties in Nova Scotia as well as
for general corporate purposes.
Stealth is a Calgary-based junior oil and gas company whose expertise and
focus is on "unconventional" gas reserves like CBM, shale gas and tight gas
STEALTH VENTURES LTD.
"W. Robert Bell"
W. ROBERT BELL
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
For further information:
For further information: W. Robert Bell, President, Mark J. Roth, CFO,
Stealth Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995, Email: