Lonestar Closes Private Placement Financing
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/06/12 -- Lonestar West Inc. (TSX VENTURE: LSI) ("Lonestar" or the "Company") is pleased to announce it has closed a non-brokered private placement offering of 2,172,928 common shares at $1.40 per common share for gross proceeds of $3,042,100 (the "Financing").
In connection with the Financing, the Company paid $19,200 in cash fees to eligible arm's length finders. The proceeds of the Financing will be used to purchase additional fleet and general corporate purposes. The common shares issued pursuant to the Financing will all be subject to a four month regulatory hold period commencing from the date of closing. The Financing is subject to TSX Venture Exchange acceptance of requisite regulatory filings.
About Lonestar West
The Company currently operates a fleet of HVAC and vacuum trucks throughout Western Canada from its base in Sylvan Lake, Alberta. It is focussed on profitably growing its HVAC services to become a major national competitor in the market area.
For more information please visit the Lonestar West website at .
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.
Contacts:
Lonestar West Inc.
James Horvath
President & CEO
403-887-2074
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 06.11.2012 - 15:45 Uhr
Sprache: Deutsch
News-ID 200098
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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