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VANCOUVER, CANADA--(Marketwire - March 11, 2011) - Urastar Energy Inc. (the "Company") (TSX VENTURE:URS)(FRANKFURT:3U3)(WKN:A1JFEE) has closed its non-brokered private placement equity financing in the amount of $5,000,000 by issuance of 12,500,000 common shares and share purchase warrants exerciseable at a price of $0.75 for a period of five years; all subject to a four month hold period. Finder fees of $82,960 and 107,400 finder warrants were paid on certain orders to Canaccord Genuity Corp., Wellington West Capital Inc. and Jennings Capital Inc. The 107 placees include high net worth investors and gold-silver mining funds. |
