New Issue: Redstar Oil & Gas settles C$45.1 million private placement of stock

By Sheri Kasprzak

New York, Dec. 5 - Redstar Oil & Gas Inc. said it has completed a private placement for C$45,101,370

The company issued 9,636,800 flow-through shares at C$3.30 each and 4,925,900 non flow-through shares at C$2.70 each.

The shares were issued to a group of investors including Avenir Capital Corp., Lawrence Walter, Chester Krala, Gary Dundas and Nicholas Temple.

The offering was placed through agents GMP Securities Ltd., Blackmont Capital Inc., Canaccord Capital Corp., Orion Securities Inc., Raymond James Ltd., Acumen Capital Finance Partners Ltd. and Jennings Capital Inc.

Based in Calgary, Alta., Redstar is an oil and natural gas exploration company.

Issuer:	Redstar Oil & Gas Inc.
Issue:	Flow-through and non flow-through shares
Amount:	C$45,101,370
Placement agents:	GMP Securities Ltd., Blackmont Capital Inc., Canaccord Capital Corp., Orion Securities Inc., Raymond James Ltd., Acumen Capital Finance Partners Ltd. and Jennings Capital Inc.
Investors:	Avenir Capital Corp., Lawrence Walter, Chester Krala, Gary Dundas and Nicholas Temple
Settlement date:	Dec. 2
Stock price:	C$2.88 at close Dec. 2
Flow-through shares
Shares:	9,636,800
Price:	C$3.30
Warrants:	No
Non flow-through shares
Shares:	4,925,900
Price:	C$2.70
Warrants:	No

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