Astar Minerals Ltd (TSXV:TAR) Lists on TSX Venture Exchange - Video Summary on Investmentpitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, May 17, 2013 - Astar Minerals Ltd (TSXV:TAR) lists
on the TSX Venture Exchange. The company completed an IPO offering of 4 million
shares at $0.15, raising $600,000 in gross proceeds, with Canaccord Genuity
acting as agent for the offering.
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of Astar Minerals. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Astar" in the search box.
The company currently has 13.4 million shares outstanding, with 9.4 million
shares held in escrow.
It is engaged in the business of mineral exploration in British Columbia, and
holds an option to acquire a 100% interest in the Forrest Project, located in
the Laird Mining Division, approximately 90 kilometres north of Stewart. The
Forrest Project, which is subject to a 3% NSR, consists of 10 contiguous mineral
claims covering 37.2 square kilometres.
The property has been subject to extensive soil geochemistry and prospecting as
well as drilling, with more than 30 gold-bearing occurrences have been described
along the length of the Forrest Project.
Under the terms of the option agreement, Astar is required to pay $260,000 cash,
incur $3.6 million in exploration expenditures, and issue 1 million common
shares.The company has already met the first obligation by spending not less
than $100,000 before August 2012. The next target is cumulative expenditures of
not less than $300,000 on or before August 31, 2013.
For more information on the company's property, please refer to the NI 43-101
reports on Sedar.com.
For more information about Astar Minerals, please contact Stephen Stanley at
604-684-7550 or by email at sotetcapital(at)gmail.com.
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Unternehmensinformation / Kurzprofil:
Datum: 17.05.2013 - 23:30 Uhr
Sprache: Deutsch
News-ID 261416
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