MONTR?AL, June 11, 2020 - Vanstar Mining Resources Inc. announces that it has completed a flow-through Quebec private placement without a broker for an amount of $ 1,101,600. This private placement consists of 648,000 common shares of the company at a price of $ 1.70. A 6% commission will be paid to an unrelated third party as an intermediary.
"We are very pleased to have concluded this other financing deal. This will allow us to quickly begin exploration on our projects and to be able to verify, if necessary, by drilling the various targets defined by our preliminary work", said the CEO of the company, Mr. Guy Morissette.
The money received will be used mainly for the development of the Amanda and F?lix projects as well as for the Frida and ?va projects.
A helicopter airborne magnetic survey of approximately 800 kilometers with a spacing of 25 meters between the lines is also planned for June for the F?lix project. A first team will also be visiting the project over the next few days in order to make a first prospective geological assessment of the land and check the possible accesses for the preparation of a drilling campaign planned for next summer.
Securities issued under this financing will be subject to a retention period of four months from the closing date. The terms of the offering are subject to acceptance by the TSX Venture Exchange.
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.
THIS PRESS RELEASE CANNOT BE DISTRIBUTED TO US PRESS WIRE SERVICES FOR BROADCAST USE IN THE UNITED STATES.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
MONTR?AL, June 11, 2020 - Vanstar Mining Resources Inc. announces that it has completed a flow-through Quebec private placement without a broker for an amount of $ 1,101,600. This private placement consists of 648,000 common shares of the company at a price of $ 1.70. A 6% commission will be paid to an unrelated third party as an intermediary. 
