VANCOUVER, BRITISH COLUMBIA—(April 27, 2016) – StrikePoint Gold Inc. (the “Company” or “StrikePoint”) (TSX VENTURE: SKP) is pleased to announce that, further to its news release dated April 15, 2016, it has closed a non-brokered private placement raising gross proceeds of $1,020,000 through the issuance of 10,200,000 shares at a price of $0.10 per share. All shares issued pursuant to the private placement are subject to a hold period expiring on August 28, 2016. No finder’s fees were paid in conjunction with the private placement.
Proceeds from the private placement will be used for general working capital and exploration purposes.
Additionally, the Company announces the grant of 1,200,000 incentive stock options to its directors, officers, consultants and/or employees pursuant to the Company’s stock option plan. The options are exercisable for a period of five years at a price of $0.15 per share. The stock option grant is subject to regulatory approval.
On Behalf of the Board of Directors of Strike Point Gold Inc.
President and CEO
Tel: (604) 602 1440
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 release.