Raystar Capital Ltd.: News Release
12 Gennaio 2011 - 1:21AM
Marketwired
Raystar Capital Ltd. ("Company") (TSX VENTURE: RYA.H) is pleased to
announce a non-brokered private placement ("Private Placement") of
7,000,000 million units ("Units") at a price of $0.07 per Unit for
gross proceeds of $490,000. Each Unit will consist of one common
share ("Share") and one common share purchase warrant, each warrant
entitling the holder to purchase a further Share at a price of
$0.15 per Share for a period of two years from closing of the
Private Placement. Following the Private Placement, the Company
will have approximately 19,857,040 Shares issued and outstanding.
Proceeds from the Private Placement will be used for general
working capital. There is no finder's fee associated with the
financing. The private placement is subject to acceptance for
filing by the TSX Venture Exchange.
The Company's has granted 400,000 stock options to directors of
the Company. The stock options are for a period of five years and
are exercisable at $0.10 per Share.
RAYSTAR CAPITAL LTD.
Edward Farrauto, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Raystar Capital Ltd. Edward Farrauto Chief Executive
Officer 604-687-3992
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