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GDM Goldstar Minerals Inc

0.115
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Goldstar Minerals Inc TSXV:GDM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.115 0.11 0.115 0 01:00:00

Goldstar Amends Payment to Auger Shareholders

28/08/2012 9:01pm

Marketwired Canada


Goldstar Minerals Inc. ("Goldstar" or the "Company") (TSX VENTURE:GDM) announces
that in connection with its acquisition of Auger Resources Ltd. ("Auger"), it
has received approval of the Exchange to issue an additional 350,000 common
shares to previous Auger shareholders who were not fully compensated in
accordance with the Amalgamation Agreement entered into with Auger, due to a
discrepancy in the private company share register of Auger Resources Ltd.


Following the share issuance, Goldstar will have issued 41,609,999 in
consideration for the Auger shares, and will have a total of 58,142,999 common
shares issued and outstanding.


On behalf of the Board of Directors of 

GOLDSTAR MINERALS INC. 

Benoit Moreau, Chief Executive Officer

Cautionary Notes

Except for statements of historical fact contained herein, the information in
this press release constitutes "forward-looking information" within the meaning
of Canadian securities law. such forward-looking information may be identified
by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding
the anticipated timing with respect to the finalization of the feasibility
study; the potential of the Brockaby property; the potential results and
timetable for further exploration with respect to the project and the
anticipated closing of the acquisition of the property, the appointment of
Renmark, the timetable with respect to future acquisitions and exploration
developments at the property, the timetable for further exploration, analysis
and development, title disputes or claims; and governmental approvals and
regulation. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from such
statements. Factors that could cause actual results to differ materially
include, among others, metal prices, competition, financing risks, acquisition
risks, risks inherent in the mining industry, and regulatory risks. Most of
these factors are outside the control of the Company. Investors are cautioned
not to put undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the Company expressly
disclaims any intent or obligation to update publicly forward-looking
information, whether as a result of new information, future events or otherwise.


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