WST

0.00

0.00 (0.00%)

- - Closed

Delayed by 15 minutes

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 Closing of Private Placement Financing

15/08/2008 2:55pm

Marketwired Canada

WellStar Energy Corp. (WST) (TSX VENTURE:WST)(FRANKFURT:W6V) (the "Company") is
pleased to announce that it has completed the non-brokered private placement
(the "Financing") announced on June 20, 2008, and has raised gross proceeds of
$120,000.


Under the terms of the Financing, the Company issued 2,400,000 units (the
"Units") at a price of $0.05 per Unit. Each Unit consisted of one (1) common
share (the "Shares") and one (1) share purchase warrant (the "Warrants"). Each
Warrant is non-transferable and will entitle the holder to purchase one
additional common share at a price of $0.10 per share until August 13, 2010. The
Shares bear hold restrictions against resale or transfer until December 14,
2008.


The Company will use the net proceeds from the sale of the Units for general
working capital requirements.


On Behalf of the Board of Directors,

Andrew H. Rees, President, CEO