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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 21, 2013) - Redstar Gold Corp. (TSX VENTURE:RGC) ("Redstar" or the "Company") is pleased to announce that it has closed an over-subscribed non-brokered private placement of 39,383,363 units at a price of $0.055 per unit (the "Units") for gross proceeds of $2,166,085. Each Unit consists of one (1) common share and one (1) non-transferable share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one (1) additional common share of the Company for $0.07 per share for a period of twelve (12) months and for $0.10 per share for a subsequent period of fourteen (14) months. In connection with the private placement, an aggregate of 76,080 shares were issued and $87,364 was paid in cash to finders who introduced subscribers to the placement, pursuant to the policies of the TSX.V. All securities issued under the placement are subject to restrictions on resale to December 22, 2013. |
