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WST

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Share Name Share Symbol Market Type
TSXV:WST 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 -

WellStar Energy Announces $100,000 Financing

20/06/2008 7:27pm

Marketwired Canada


WellStar Energy Corp. (the "Company") (TSX VENTURE:WST)(FRANKFURT:W6V) announces
that it plans to conduct a private placement (the "Offering") of its securities
to raise up to $100,000.


The Offering will consist of up to 2,000,000 units at a price of $0.05 per unit
(a "Unit"). Each Unit will consist of one common share and one share purchase
warrant (a "Warrant") entitling the investor to purchase an additional common
share for each Warrant at a price of $0.065 per share for a two year period. In
addition, all Warrants issued in connection with this private placement contain
a forced exercise provision commencing on the day following the expiry of the
hold period on the underlying common share, stating that if, for 10 consecutive
trading days, the closing price of the listed shares of the company exceeds $1,
then the exercise period of the Warrants will be shortened to a period of 30
days.


The proceeds received from the offering will be added to the Company's working
capital. The Company will pay finder fees in connection with this offering in
accordance with TSX Venture Exchange policy. The Offering is subject to TSX
Venture Exchange acceptance.


This News Release contains forward-looking statements regarding the timing and
content of upcoming programs. Actual results may differ materially from those
currently anticipated in such statements.


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1 Year Westridge Resources Inc. Chart

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