Gastem Publicizes Proposed Non-public Placement for Most of $3,000,000

Gastem (TSX VENTURE:GMR) is gay to recount that it has entered into an agreement with Bearbeech Capital Inc to undertake a non brokered deepest placement for as a lot as 4,615,384 gadgets at a spot of $0.65 cents per unit for infamous proceeds of as a lot as $3,000,000. Every unit will consist of one in model fragment of the Company and one-half of one fragment bewitch warrant, with every complete warrant entitling the holder to bewitch one Stylish Part of the Company at a spot of $0.80 per fragment for a period of two years from the date of closing. There are usually no longer any circulate-through shares linked to this financing.

The offering will be made to accredited investors, for the period of the that advance of National Instrument 45-106, within the Provinces of British Columbia, Alberta, Ontario and Quebec. The closing is anticipated to happen on or sooner than March 14th 2007 and is self-discipline to the receipt of the overall required regulatory approvals, including the approval of the TSX Endeavor Alternate. Your total securities issued pursuant to this offering will be self-discipline to a withhold period of four months from the date of closing.

The Company intends to make use of the in discovering proceeds of the deepest placements for exploration and trend of the Company’s St. Lawrence Lowlands properties, the Gaspe properties and for work on the fair lately got ardour within the Amber Monetary institution Property, West Virginia and as in model working capital.

SOURCE: Gastem Inc.

Gastem Inc. Raymond Savoie or Marc-Andre Lavoie 514-875-9034 Bearbeech Capital Partners Corp. Campbell Beecher 416-362-8111

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