Vanstar Mining Resources Inc.

Vanstar Mining Resources Inc.

June 03, 2013 17:20 ET

Vanstar Raises an Additional $25,000 to Previously Announced Closing of $150,000

LA PRAIRIE, QUEBEC--(Marketwired - June 3, 2013) - Vanstar Mining Resources inc. ("Vanstar") (TSX VENTURE:VSR) announces that it raised an additional $25,000 to the previous closing of $150,000, announced earlier today.

The financing now consists of 175 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 allow 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. 3 insiders participated to this offering for a total amount of $88,000.

The securities issued as part of this financing will be subject to a minimum hold period ending October 4, 2013 and are 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.

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