New Issue: Stealth wraps C$2.5 million units placement with C$1.06 million tranche

By Devika Patel

Knoxville, Tenn., Jan. 6 - Stealth Ventures Ltd. said it has settled a C$2.5 million non-brokered private placement of units, raising C$1.06 million in the second tranche. The deal priced for C$2 million on Nov. 19 and was increased to C$2.5 million on Dec. 8. The company raised C$1.44 million in the first tranche on Dec. 11.

The company sold 35,658,643 units at C$0.07 apiece. It sold 20,552,929 units in the first tranche and 15,105,714 units in this tranche.

Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.15 until Dec. 31 2011.

Proceeds will be used for working capital purposes, including allowing Stealth to explore potential strategic opportunities in India.

Stealth is a Calgary, Alta., oil and gas company.

Issuer:	Stealth Ventures Ltd.
Issue:	Units of one common share and one half-share warrant
Amount:	C$2,496,105
Units:	35,658,643
Price:	C$0.07
Warrants:	One half-share warrant per unit
Warrant expiration:	Dec. 31 2011
Warrant strike price:	C$0.15
Agent:	Non-brokered
Pricing date:	Nov. 19
Upsized:	Dec. 8
Settlement date:	Dec. 11 (for C$1,438,705), Jan. 6 (for C$1,057,400)
Stock symbol:	TSX Venture: SLV
Stock price:	C$0.08 at close Nov. 18
Market capitalization:	C$19.8 million

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