Raystar Closes Private Placement
28 Gennaio 2011 - 1:18AM
Marketwired
Raystar Capital Ltd. ("Company") (TSX VENTURE: RYA.H) announces is
has completed a non-brokered private placement ("Private
Placement") of 7,000,000 units ("Units") priced at $0.07 per Unit
for gross proceeds of $490,000. Each Unit consists of one common
share ("Share") and one common share purchase warrant ("Warrant"),
each Warrant entitles the holder to purchase a further Share at a
price of $0.10 per Share for a period of one year from closing. The
Shares and Warrants issued are subject to a four month hold period
expiring May 28, 2011. 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
Private Placement.
This news release is also being disseminated as required by
National Instrument 62-103 The Early Warning system and Related
Take Over Bids and Insider Reporting Issues in connection with the
filing of early warning reports ("Early Warning Reports") regarding
the acquisition of ownership and control of Units by the following
purchasers ("Purchasers"):
Purchaser No. of Units Purchased
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Lukas H Lundin, 2101 - 885 W. Georgia Street,
Vancouver, British Columbia V6C 3E8 2,334,000
Douglas Forster, Suite 3244 - 1055 Dunsmuir
Street, Vancouver, British Columbia V7X 1L3 2,333,000
Blayne Johnson, Suite 3244 - 1055 Dunsmuir Street,
Vancouver, British Columbia V7X 1L3 2,333,000
The Units purchased by each Purchaser represent approximately
21% of the issued and outstanding Shares of the Company on a
partially diluted basis, assuming exercise of only those Warrants
held by each Purchaser.
The Purchasers acquired the Units in reliance on the exemption
from the prospectus requirements contained in section 2.3 of
National Instrument 45-106 Prospectus and Registration
Exemptions.
The Purchasers acquired the Units for investment purposes only
and may, from time to time, acquire additional securities of the
Company, dispose of some or all of the existing or additional
securities he holds or will hold, or may continue to hold his
current position.
Copies of the Early Warning Reports may be found on
www.SEDAR.com.
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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