Raystar Capital Ltd.: Private Placement-Warrant Amendment
January 12 2011 - 10:14AM
Marketwired
Raystar Capital Ltd. ("Company") (TSX VENTURE: RYA.H) has amended
the non-brokered private placement ("Private Placement") announced
January 11, 2011. The 7,000,000 million units ("Units") will remain
priced at $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 the amended price of $0.10 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.
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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