LA PRAIRIE, QUÉBEC--(Marketwired - May 3, 2013) - Vanstar Mining Resources inc. ("Vanstar") (TSX VENTURE:VSR) announces that it is increasing the previously announced $100,000 financing, to a maximum of $150,000.
The financing consists of a maximum of 150 units at a purchase price of 1,000 $ per unit. Each unit consists of 20,000 common shares at a price of $0.05 per share and 20,000 common share purchase warrants. Each whole warrant will entitle the holder to purchase one additional common share in the capital of Vanstar for a period of 2 years from the date of issuance, at a purchase price of $0.10 per share. These funds will be allocated for general working capital purposes. Insiders will participate to this offering.
The securities issued as part of this financing will be subject to a minimum hold period of four-month-and-one-day and subject to the approval of the TSX Venture exchange.
Neither 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.
Contact Information:
CEO
819-763-5096
www.vanstarmining.com