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ILST International Star Inc (PK)

0.0027
0.0003 (12.50%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
International Star Inc (PK) USOTC:ILST OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0003 12.50% 0.0027 0.0025 0.0027 0.0028 0.00245 0.0026 38,004,469 21:00:06

International Star, Inc. 506(C) Private Placement Progress Update

22/12/2015 2:10pm

Access Wire


TUCSON, AZ / ACCESSWIRE / December 22, 2015 / International Star, Inc. (OTC: "ILST"), developer of the Van Deemen Gold project in Northwest Arizona, is pleased to update shareholders on the exciting progress of its 506 (C) Private Placement.

Over the last three weeks, substantial due diligence and communications have occurred. The Company can report that it expects to receive one or two Letters of Intent for funding prior to year's end. International Star can also state that it has received a very substantial commitment from a "cornerstone" investor. Given the interest, the Company is contemplating raising the amount of the offering to $6,000,000, which would fully fund the project into production.

Michael Shea, CEO commented, "This is an exciting time for the Company and our team is hopeful we can close this funding in January 2016. We also have been working on other cash generative initiatives which will announced implemented in the first quarter.

Lastly, on behalf of International Star, we wish everyone a happy and safe holiday and look forward to providing more funding details updates next week."

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About International Star: (www.ilstholdings.com)

International Star is a mining Company with claims in the Black Mountains of NW Arizona. Its primary focus is to bring the Van Deemen gold project into production thereby generating cash flow to enable growth and sustainability.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.

CONTACT:

Michael Shea
International Star, Inc.
Phone: (203) 210-5614
Email: Mshea@ilstholdings.com
www.ilstholdings.com

SOURCE: International Star, Inc.

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