Warrant strike price set at 75% discount to last closing share price
By Angela McDaniels
Tacoma, Wash., Jan. 28 - Raystar Capital Ltd. sold C$490,000 of units in a non-brokered private placement. The 7 million units sold for C$0.07 each.
Each unit consists of one common share and one warrant. Each warrant is exercisable at C$0.10 for one year.
The warrant strike price is a 75% discount to the company's C$0.40 closing stock price on Jan. 25, the last day on which the stock traded prior to the settlement date.
The proceeds will be used for general working capital.
Raystar is a development-stage financial company that is looking for business opportunities. It is based in Vancouver, B.C.
| Issuer: | Raystar Capital Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$490,000
|
| Units: | 7 million
|
| Price: | C$0.07
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Settlement date: | Jan. 27
|
| Stock symbol: | TSX Venture: RYA.H
|
| Stock price: | C$0.40 at close Jan. 25
|
| Market capitalization: | C$9 million
|
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