New Break Resources Ltd.: New Break Announces $750,000 Non-B

New Break Resources Ltd.: New Break Announces $750,000 Non-Brokered Private Placement


New Break Resources Ltd.: New Break Announces $750,000 Non-Brokered Private Placement
("New Break" or the
"Company") is pleased to announce that it intends to complete a non-brokered private placement offering of up to 7,500,000 units (each a "
Unit") at a price of $0.10 per Unit for gross proceeds of up to $750,000 (the "
Offering"). Each Unit will consist of one common share (a "
Common Share") of the Company and one-half of one common share purchase warrant (each whole warrant a "
Warrant"). Each whole Warrant will entitle the holder thereof, to purchase one additional Common Share of the Company at a price of $0.15 for a period of twenty-four (24) months from the date of closing. The Warrants are subject to an acceleration clause in the event the Common Shares become listed for trading on a stock exchange in Canada and the volume-weighted average trading price equals or exceeds $0.25 for a period of ten (10) consecutive trading days. The Offering may include closing in tranches and multiple closing dates.

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