Abbastar Closes Private Placement
02 Dicembre 2009 - 5:00PM
Marketwired
Abbastar Resources Corp. (the "Company") (TSX VENTURE: ABA) is
pleased to announce that the non-brokered private placement
announced on November 4, 2009 was closed today.
The Company has issued 1,000,332 common shares at a price of
$0.30 per share for gross proceeds of $300,100. The proceeds from
the financing will be used for exploration expenditures. The
Company will pay a $9,975 referral fee to Research Capital
Corporation.
The shares are subject to a four-month hold period pursuant to
applicable securities laws and regulations. The hold period will
expire on April 4, 2010.
Insider / Pro Group Participation:
Name Insider = I # of Shares
Pro Group = P
Barry Allan P 166,667
Scott Cathcart P 83,333
Aubrey Eveleigh I 83,333
John Eymann P 85,000
Matthew Skipp P 166,666
On behalf of the Board,
John B. Good, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Abbastar Resources Corp. John B. Good President &
CEO 604-658-2044 604-658-2045 (FAX) www.abbastarresources.com
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