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VSR Vanstar Mining Resources Inc

0.67
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vanstar Mining Resources Inc TSXV:VSR 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% 0.67 0.40 0.69 0 01:00:00

CORRECTION FROM SOURCE/Vanstar Completes a $322,500 Financing

05/02/2014 3:14pm

Marketwired Canada


The following corrects and replaces the release sent out at 9:15 AM EST Tuesday
January 4, 2014. Note that a finder's fee was paid in relation to this
financing.


Vanstar Mining Resources inc. (the "Company") (TSX VENTURE:VSR) announces that
it has completed a $322,500 non-brokered financing. 


The Company sold 215 Flow-Through units (the "FT Units") at a purchase price of
$1,500 per FT Unit, for a total amount of $322,500. Each FT Unit consists of
8,000 flow-through common shares and 2,000 common shares at a price of $0.15 per
share and 5,000 common share purchase warrants. Each warrant allows the holder
to purchase one additional common share in the capital of the Company for a
period of 12 months from the date of issuance, at a purchase price of $0.20 per
share. 


Proceeds of the FT Units will be used for the continuation of exploration of the
Nelligan property in Quebec. The expenses will constitute flow-through mining
expenditure as described in subsection 127(9) of the Income Tax Act (Canada);
and will qualify for inclusion in both: the exploration base relating to certain
Quebec exploration expenses, and the exploration base relating to certain Quebec
surface mining exploration expenses as these terms are defined in the Taxation
Act (Quebec). 


A $15,000 finder's fee was paid in relation to this financing.

The securities issued as part of this financing will be subject to a minimum
hold period of 4 months and a day and are subject to the approval of the TSX
Venture exchange. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Guy Morissette
CEO
819-763-5096
www.vanstarmining.com

1 Year Vanstar Mining Resources Chart

1 Year Vanstar Mining Resources Chart

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1 Month Vanstar Mining Resources Chart