Raystar Capital Ltd.
TSX VENTURE : RYA.H

January 12, 2011 11:14 ET

Raystar Capital Ltd.: Private Placement-Warrant Amendment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2011) - Raystar Capital Ltd. ("Company") (TSX VENTURE:RYA.H) has amended the non-brokered private placement ("Private Placement") announced January 11, 2011. The 7,000,000 million units ("Units") will remain priced at $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 the amended price of $0.10 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.

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