TORONTO, ONTARIO--(Marketwire - March 22, 2011) - Lonestar West Inc. (TSX VENTURE:LSI) ("Lonestar" or "the Company") announces that it has completed a secured debenture financing in the aggregate amount of $800,000 (the "Loan"). The debentures carry an annual interest rate of 16% and have a maturity date of March 31, 2013. The obligations under the debenture are secured by Lonestar's grant of a security interest in its assets (including the assets of its subsidiaries) in favour of the debenture holders.
