NEWSTRIKE CAPITAL SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
21.2% INTEREST IN MORELOS PROJECT FROM GOLDCORP INC.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
Vancouver, B.C., December 31, 2009 – Newstrike Capital Inc. (“Newstrike” or the
“Company”) – www.newstrikecapital.com – is pleased to announce it has entered into a
definitive share purchase agreement dated December 31, 2009 to acquire 21.2% of the
Morelos Project from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a whollyowned
subsidiary company of Goldcorp Inc. (TSX:G, NYSE:GG) for a purchase price of
not less than $52 million comprised of $44.5 million in cash and 15 million common
shares in Newstrike.
Closing of the transaction is expected in early 2010 and is subject to receipt of all
required shareholder, regulatory and third party consents, satisfaction of customary
closing conditions and the completion by Newstrike of a financing to raise net proceeds
of $50 million. In addition, Gleichen Resources Ltd. has a right of first refusal in respect
of DMSL’s interest in the Morelos Project, exercisable for 90 days from the date it is
advised of the terms of the Newstrike agreement.
Further particulars regarding the transaction are disclosed in the Company’s December
1, 2009 press release.
About Newstrike (TSX-V NEX:NES.H)
Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic
mining districts in Mexico. Current management and directors co-discovered Goldcorp’s
and Teck’s significant discoveries in Guerrero Gold Belt in Guerrero State, currently in
advanced stages of exploration and production.
Newstrike holds a 100% interest in certain exploration properties in Mexico located
within two established mining districts; the gold bearing oxidized iron skarn-porphyry
camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu rich epithermal camp of
the mining districts of Oaxaca State.
HEADQUARTERS OPERATIONS
2000 – 1066 West Hastings Street Bosques de Duraznos # 69 P.P
Vancouver, BC Bosques de las Lomas
V6E 3X2 Canada C.P. 11700 Mexico D F, Mexico
T (+1) 604-806-6110 www.newstrikecapital.com T1 (+1) 604-484-8386 VoIP
F (+1) 604-806-6112 T2 (+52) (55) 5251-8957
F (+52) (55) 5245-7491
NES.H – TSXV
For further information, please contact:
Newstrike Capital Inc.
Richard Whittall
Director, President & CEO
Phone: 604-605-4654
website: www.newstrikecapital.com
blogsite: http://newstrikecapital.com/blog
Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the
adequacy or accuracy of, this release.
Vancouver, B.C., December 31, 2009 – Newstrike Capital Inc. (“Newstrike” or the
“Company”) – www.newstrikecapital.com – is pleased to announce it has entered into a
definitive share purchase agreement dated December 31, 2009 to acquire 21.2% of the
Morelos Project from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly owned
subsidiary company of Goldcorp Inc. (TSX:G, NYSE:GG) for a purchase price of
not less than $52 million comprised of $44.5 million in cash and 15 million common
shares in Newstrike.
Closing of the transaction is expected in early 2010 and is subject to receipt of all
required shareholder, regulatory and third party consents, satisfaction of customary
closing conditions and the completion by Newstrike of a financing to raise net proceeds
of $50 million. In addition, Gleichen Resources Ltd. has a right of first refusal in respect
of DMSL’s interest in the Morelos Project, exercisable for 90 days from the date it is
advised of the terms of the Newstrike agreement. Further particulars regarding the transaction are disclosed in the Company’s December 1, 2009 press release.
