Investor Fairhills Capital Offshore purchases 653,595 common shares
By Devika Patel
Knoxville, Tenn., Nov. 6 - Lone Star Gold Inc. settled a $50,000 private placement of stock with Fairhills Capital Offshore Ltd. on Sept. 14, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal was announced as a $65,360 offering on Sept. 19.
The company sold 653,595 common shares at $0.0765 per share. The shares were originally priced at $0.10 apiece. The final price per share is a 30.45% discount to the Sept. 13 closing share price, $0.11.
Proceeds will be used for general corporate expenses associated with the company's exploration and development activities.
Based in Albuquerque, N.M., Lone Star is a gold explorer.
| Issuer: | Lone Star Gold Inc.
|
| Issue: | Common stock
|
| Amount: | $50,000
|
| Shares: | 653,595
|
| Price: | $0.0765
|
| Warrants: | No
|
| Investor: | Fairhills Capital Offshore Ltd.
|
| Settlement date: | Sept. 14
|
| Stock symbol: | OTCBB: LSTG
|
| Stock price: | $0.11 at close on Sept. 13
|
| Market capitalization: | $4.59 million
|
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