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LoneStar West Inc Closes Private Placement Financing


Tuesday, 6 Nov 2012 10:45am EST 

LoneStar West Inc announced that it has closed a non-brokered private placement offering of 2,172,928 common shares at $1.40 per common share for gross proceeds of $3,042,100. In connection with the Financing, the Company paid $19,200 in cash fees to eligible arm's length finders. The proceeds of the Financing will be used to purchase additional fleet and general corporate purposes. The common shares issued pursuant to the Financing will all be subject to a four month regulatory hold period commencing from the date of closing. 

Company Quote

3.05
-0.08 -2.56%
1:34pm EDT