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Stealth Energy Inc. - Private Placement Update
Due To Strong Demand Stealth Increases Private Placement
VANCOUVER, BC, April 01, 2010 /Stock Market PR News/ -- Stealth Energy Inc. (the "Company") is pleased to announce that due to overwhelming investor demand for participation in the private placement announced in the news release dated 22 March 2010, the Company has increased the non-brokered private placement from 10 million units at a price of $0.20 per unit to up to a total of 20 million units, for gross proceeds of up to $4,000,000. Each unit consists of one common share and one common share purchase warrant entitling the holder to purchase one additional share at a price of $0.25 share for a period of 24 months from the date of issuance. A finder's fee may be paid to agents of the Company in an amount of up to 10% of the proceeds raised by such agents as part of this offering of units. The proceeds from the private placement will be used for general working capital.
About Stealth Energy Inc.
Stealth Energy Inc. is a producing oil & gas company with its field office in Billings, Montana, USA. The company develops its own properties and continues to seek and make acquisitions, primarily within Montana and Wyoming. For further information please contact Carlo Nigro at (604) 669-7831 or stealthenergy@telus.net.
For further information visit http://www.stealthenergy.ca
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Press Release Contact Information:
Carlo Nigro
Stealth Energy Inc.
Investor Relations / Office Mgr
1328 - 885 W. Georgia St.
Vancouver, BC
Canada V6C3E8
Voice: 604 669 7831
Fax: 604 669 7885
Website: Visit Our Website |
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