/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
Trading Symbol: SLV.tsxventure
CALGARY, April 30 /CNW/ - Stealth Ventures Ltd. (the "Company") is
pleased to announce that it has closed the brokered private placement
announced on March 15, 2007 through D & D Securities Company, of Toronto,
Ontario as Agent. Union Securities Ltd., of Vancouver, was a significant
participant in the sales group. This private placement, originally announced
as up to $10 Million, was increased to $16.6 Million, and consisted of the
sale of 13,280,000 units at a price of $1.25 per unit, each unit consisting of
one common share and one-half (1/2) of a transferable share purchase warrant,
with each whole warrant entitling the holder to purchase one additional common
share at a price of $1.50 until October 26, 2008.
D & D Securities Company and the sales group received a total of
796,800 broker's warrants as part of their compensation, each of which
entitles the holder to purchase one unit having the same terms as disclosed
above at a price of $1.25 until October 26, 2008.
All securities issued pursuant to the closing of this brokered private
placement, including the broker's warrants, will be subject to a hold period
in Canada until August 27, 2007.
The proceeds from this brokered private placement will be used to fund
ongoing exploration and development at the Company's Shale Gas properties in
Saskatchewan and Alberta, and at its CBM properties in Nova Scotia, as well as
for general corporate purposes.
The Company 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 sand reservoirs.
STEALTH VENTURES LTD.
"W. Robert Bell"
Per: W. ROBERT BELL
President and CEO
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 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 a U.S. Person 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 and CEO, Mark J.
Roth, CFO, Stealth Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995,
Email: email@example.com; First Canadian Capital Corp at
(416) 742-5600 or toll free at 1-866-580-8891 or email to