Raystar Capital Ltd.

April 13, 2010 17:15 ET

Raystar Capital Ltd. to Settle Outstanding Indebtedness

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2010) - Raystar Capital Ltd. (TSX VENTURE:RYA.H) (the "Company") is pleased to announce that it has reached agreement with a creditor of the Company, who is also an insider of the Company, to convert outstanding debt into common shares of the Company.

The total amount of debt to be converted is $125,000. A total of 2,272,727 common shares will be issued at a deemed price of $0.055 per share in full settlement of the debt.

The debt settlement agreements are subject to approval of the TSX Venture Exchange.

"Edward Farrauto", President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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  • Raystar Capital Ltd.
    Edward Farrauto