VANCOUVER, BC, March 24, 2010
/24-7PressRelease/ -- Stealth Energy Inc. (the "Company") is pleased to announce that it has arranged a non-brokered private placement of up to 10 million units at a price of $0.20 per unit for gross proceeds of up to $2,000,000. Each unit consists of one common share and one common share purchase warrant entitling the holder to purchase an 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.
Website:
http://www.stealthenergy.ca---
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