By Sheri Kasprzak
New York, Jan. 16 - Uranium Star Corp. closed a private placement for $8,072,500.
The company sold 13.43 million non flow-through units at $0.50 each and 2.715 million flow-through units at $0.50 each.
The common units include one share and one warrant. The warrants are exercisable at $0.75 each for two years.
The flow-through units consist of one share and one half-share warrant. The whole warrants are exercisable at $0.75 each for two years.
Proceeds will be used for exploration on the company's Sagar property in the Labrador Trough of Quebec.
Toronto-based Uranium Star is a uranium exploration company.
Non flow-through units
| Issuer: | Uranium Star Corp.
|
| Issue: | Non flow-through units of one share and one warrant
|
| Amount: | $6.715 million
|
| Units: | 13.43 million
|
| Price: | $0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.75
|
| Settlement date: | Jan. 12
|
| Stock symbol: | OTCBB: URST
|
| Stock price: | $1.30 at close Jan. 12
|
|
|
| Flow-through units
|
| Issuer: | Uranium Star Corp.
|
| Issue: | Flow-through units of one share and one half-share warrant
|
| Amount: | $1,357,500
|
| Units: | 2.715 million
|
| Price: | $0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.75
|
| Settlement date: | Jan. 12
|
| Stock symbol: | OTCBB: URST
|
| Stock price: | $1.30 at close Jan. 12
|
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