Stealth Ventures Ltd. Announces Private Placement

SLV tsxventure

CALGARY, Nov. 19 /CNW/ - Stealth Ventures Ltd. ("Stealth") (TSX.V: SLV) announces, subject to regulatory acceptance, a non-brokered private placement, to consist of the sale of up to 28,571,429 units at a price of $0.07 per unit to raise gross proceeds of up to $2,000,000. Each unit will consist of one (1) common share and one-half (1/2) of a non-transferable share purchase warrant, with each whole warrant to entitle the holder to purchase one additional common share at a price of $0.15 for a period of two (2) years from closing, provided that, in the event the closing price of Stealth's shares as traded on the TSX Venture Exchange is $0.25 or greater for a period of 30 consecutive trading days, it may give notice of an earlier expiry of the warrants, in which case the warrants would expire 30 calendar days from the giving of such notice. Stealth may pay finders' fees in accordance with TSX Venture Exchange policy in respect of all or a portion of the funds raised pursuant to this private placement.

The proceeds from this private placement will be used for working capital purposes, including allowing Stealth to explore potential strategic opportunities in India.

Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose expertise and focus is on "unconventional" gas reserves from shale gas, CBM, and tight gas sand reservoirs.


    "Derek Krivak"

    Chief Executive Officer

Forward Looking Statements:

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this NEWS release. THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.

%SEDAR: 00008195E


For further information: For further information: Derek Krivak, CEO, Stealth Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995, Emails:

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