Goldstar announces that it intends to complete a brokered private placement financing of flow-through units and units, whereby Industrial Alliance Securities Inc. will act as exclusive agent for the sale of up to 12,000,000 flow-through units at a price of $0.10 per Flow-Through Unit and up to 3,750,000 units at a price of $0.08 per Unit for aggregate gross proceeds in the amount of $1,500,000.
Goldstar will consolidate its common shares on the basis of one new common share for every 20 common shares outstanding as of market open on August 30, 2013. Goldstar currently has 58,543,002 common shares outstanding and, following the share consolidation on a 20 for one basis, it will have approximately 2,927,150 common shares outstanding. The change in the number of issued and outstanding common shares that will result [...]
Further to Goldstar Minerals news release dated August 14, 2012, the Company wishes to confirm the terms of its engagement of Renmark Financial Communications. Laurence Lachance and Barry Mire, from Renmark, will act as a lead and second account manager respectively for Goldstar Minerals Inc. In connection with the engagement, Renmark was awarded a consulting contract for CAD $3,000 per month which was effective on August [...]
Goldstar is pleased to announce that it has entered into a purchase and sale agreement with Sylvie Charbonneau to acquire from Charbonneau a 100% interest in 80 claims covering approximately 4,400 hectares (44 km2). In consideration for this interest, Goldstar has agreed to pay Charbonneau a cash payment of $8,480 and issue 100,000 common shares of Goldstar. In the event that the property attains commercial production [...]
Goldstar is pleased to announce that it has entered into a letter agreement with NioGold Mining to acquire up to a 75% interest from Niogold in 463 claims covering approximately 26,725 hectares, located in Mont-Laurier, Quebec. Goldstar and Niogold will negotiate in good faith an option agreement regarding the Pump Lake Property, to be executed no later than October 31, 2012.
Goldstar announces that in connection with its acquisition of Auger Resources, it has received approval of the Exchange to issue an additional 350,000 common shares to previous Auger shareholders who were not fully compensated in accordance with the Amalgamation Agreement entered into with Auger, due to a discrepancy in the private company share register of Auger Resources Ltd. Following the share issuance, Goldstar will [...]
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