Vanstar Arranges a $150,000 Financing
December 30 2013 - 3:37PM
Marketwired
Vanstar Arranges a $150,000 Financing
LA PRAIRIE, QUEBEC--(Marketwired - Dec 30, 2013) - Vanstar
Mining Resources inc. (the "Company")(TSX-VENTURE:VSR) announces
that it is offering a $150,000 non-brokered financing.
The Company offers a maximum of 125 Flow-Through units (the "FT
Units") at a purchase price of $1,200 per FT Unit, for a maximum
amount of $150,000. Each FT Unit consists of 8,000 flow-through
common share and 2,000 common shares at a price of $0.12 per share
and 5,000 common share purchase warrants. Each warrant will allow
the holder to purchase one additional common share in the capital
of the Company for a period of 12 months from the date of issuance,
at a purchase price of $0.15 per share.
Proceeds of the FT Units will be used for the continuation of
exploration of the Nelligan property in Quebec. The expenses will
constitute flow-through mining expenditure as described in
subsection 127(9) of the Income Tax Act (Canada); and will qualify
for inclusion in both: the exploration base relating to certain
Quebec exploration expenses, and the exploration base relating to
certain Quebec surface mining exploration expenses as these terms
are defined in the Taxation Act (Quebec).
The securities to be issued as part of this financing will be
subject to a minimum hold period of 4 months and a day and are
subject to the approval of the TSX Venture exchange.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Source:Guy MorissetteCEO819-763-5096 www.vanstarmining.comFor
info:Momentum Public Relations Inc.Maxence
Gagne-Godbout450-332-6939mgagnegodbout@momentumpr.ca
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