The Prospector News

Canstar Announces Closing of $1,000,000 Financing

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Canstar Announces Closing of $1,000,000 Financing

 

 

 

 

 

Canstar Resources Inc. (TSX-V:ROX) is pleased to announce the completion of its previously announced non-brokered private placement for gross proceeds of $1,043,795 through the sale of 10,437,950 units at a price of $0.10 per Unit.

 

 

Each Unit was comprised of one common share in the capital stock of the Corporation and one-half of one common share purchase warrant. Each Warrant shall entitle the holder to purchase one Common Share at a price of $0.15 per Common Share until December 31, 2017.

 

 

In connection with the Offering, a finder’s fee was paid to certain eligible finders. The Finder’s Fee was comprised of $6,000 in cash and an aggregate of 265,000 non-transferrable share purchase warrants. Each Finder’s Warrant, which has an expiry date of December 31, 2017, entitles the holder to acquire one Unit at an exercise price of $0.10 per Unit.

 

 

The net proceeds of the Offering will be used to fund exploration on the Corporation’s Kenora Gold Project located in the Kenora area of Ontario.

 

 

All securities issued pursuant to the Offering are subject to a statutory four month and one day hold period expiring on December 3, 2016.

 

Posted August 2, 2016

Share this news article

MORE or "UNCATEGORIZED"


Orano Canada Inc. Enters into $6 Million Option on Forum's Fir Island Uranium Project, Saskatchewan

Forum Energy Metals Corp. (TSX-V: FMC) is pleased to announce tha... READ MORE

November 12, 2019

Gold Target Identified on the Carlin Vanadium Project by Prominent Nevada Geologist

First Vanadium Corp. (TSX-V: FVAN) (OTCQX: FVANF) (FSE: 1PY) anno... READ MORE

November 12, 2019

Maverix Metals Announces Record Revenue and Gold Equivalent Ounces for the Third Quarter 2019

Maverix Metals Inc. (NYSE American: MMX) (TSX: MMX) is pleased to... READ MORE

November 12, 2019

Sokoman Minerals Named Explorer of the Year by the Canadian Institute of Mining, Newfoundland and Labrador Branch

Sokoman Minerals Corp. (TSX-V:SIC) (OTCQB:SICNF) is excited to an... READ MORE

November 12, 2019

U.S. Gold Corp.'s 2019 Drilling Encounters Newly Discovered Gold System With 76.2m of 0.224 gpt Au, Including 25.91m of 0.408 gpt Au, at the Keystone Project, Cortez Trend, Nevada

U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and developmen... READ MORE

November 12, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions