Raystar Capital Ltd.
TSX VENTURE : RYA.H

January 11, 2011 19:22 ET

Raystar Capital Ltd.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2011) - Raystar Capital Ltd. ("Company") (TSX VENTURE:RYA.H) is pleased to announce a non-brokered private placement ("Private Placement") of 7,000,000 million units ("Units") at a price of $0.07 per Unit for gross proceeds of $490,000. Each Unit will consist of one common share ("Share") and one common share purchase warrant, each warrant entitling the holder to purchase a further Share at a price of $0.15 per Share for a period of two years from closing of the Private Placement. Following the Private Placement, the Company will have approximately 19,857,040 Shares issued and outstanding. Proceeds from the Private Placement will be used for general working capital. There is no finder's fee associated with the financing. The private placement is subject to acceptance for filing by the TSX Venture Exchange.

The Company's has granted 400,000 stock options to directors of the Company. The stock options are for a period of five years and are exercisable at $0.10 per Share.

RAYSTAR CAPITAL LTD.

Edward Farrauto, Chief Executive Officer

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

Contact Information

  • Raystar Capital Ltd.
    Edward Farrauto
    Chief Executive Officer
    604-687-3992