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Provider: Reuters Investment Profile
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Weststar Resources Corp Decreases Private Placement To $280,000-Canada Stockwatch News


Thursday, 10 Jan 2013 06:42pm EST 

Canada Stockwatch News reported that the TSX Venture Exchange has granted Weststar Resources Corp. conditional approval to raise up to $280,000 through the issue of a non-brokered private placement of units at a price of 3.5 cents per unit. The amount the Company is seeking to raise has been reduced from the original announcement. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable by the holder to acquire one additional common share of the Company for a period of two years from issuance at an exercise price of seven cents per share in the first year and 10 cents per share in the second year. The proceeds of the financing will be used toward general working capital purposes and potential property ventures that meet the criteria established by the exchange. 

Company Quote

0.035
0.0050 +16.67%
27 Aug 2014