By Sheri Kasprzak
New York, Nov. 28 - TrueStar Petroleum Corp. priced a C$3,971,100 private placement.
The offering includes 19,855,500 units at C$0.20 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$0.35 each for two years.
Proceeds will be used for development of the company's Guatemalan assets and for general corporate purposes and working capital.
Vancouver, B.C.-based TrueStar is an oil and natural gas exploration, development and production company.
| Issuer: | TrueStar Petroleum Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3,971,100
|
| Units: | 19,855,500
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Pricing date: | Nov. 28
|
| Stock symbol: | TSX Venture: TPC
|
| Stock price: | C$0.20 at close Nov. 28
|
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