New Issue: Coltstar settles C$1.05 million units placement with C$202,261 tranche

By Devika Patel

Knoxville, Tenn., July 16 - Coltstar Ventures Inc. said it has finalized settlement of a third and final tranche of a C$1.05 million non-brokered private placement of units for C$202,261. The deal priced June 1 and the company raised C$480,000 in the second tranche on June 18.

The company sold 3 million units of one common share and one quarter-share warrant at C$0.35 each. It sold 1,371,429 units in the second tranche and 577,888 units in this tranche. The whole warrants are exercisable at C$0.50 each for one year.

Coltstar is a capital company in Coquitlam, B.C.

Issuer:	Coltstar Ventures Inc.
Issue:	Units of one common share and one quarter-share warrant
Amount:	C$1.05 million
Units:	3 million
Price:	C$0.35
Warrants:	One quarter-share warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.50
Agent:	Non-brokered
Pricing date:	June 1
Settlement date:	June 18 (for C$480,000), July 16 (for C$202,261)
Stock symbol:	TSX Venture: CTR
Stock price:	C$0.46 at close May 31
Market capitalization:	C$16.11 million

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