Redstar Gold Announces Non-Brokered Private Placement

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[{"type":"text","content":"Redstar Gold Announces Non-Brokered Private Placement(via Thenewswire.ca)\n\n \nApril 21, 2016 / TheNewswire / Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) (\"Redstar\" or the \"Company\") is pleased to announce it has arranged a non-brokered private placement of up to 23,000,000 units at a price of $0.06 per unit to raise gross proceeds of $1.38 million. Each unit consists of one common share and one common share purchase warrant. Each whole warrant can be exercised into one common share of Redstar at a price of $0.14 per share for a period of 36 months from the closing.\n\n\n \nProceeds from the placement will be used to advance the Company's Unga Gold Project in Alaska and for general corporate purposes. The Company has agreed to pay finders' fees equal to 6%, payable in cash, to finders who have introduced subscribers to the placement. This private placement is subject to the approval of the TSX Venture Exchange.\n\n\n \nAbout The Unga Gold Project - Geological Overview and Highlights\n\n\n \nThe 100% controlled Unga Gold Project covers key strategic portions of adjacent Unga and Popof Islands, approximately 900 kilometers southwest of Anchorage, Alaska. Redstar controls a 240 square kilometer land package that is host to numerous structurally controlled, volcanic hosted intermediate-sulfidation epithermal high-grade vein, breccia, stockwork and disseminated gold-silver occurrences. The Unga Project has excellent infrastructure, including direct daily flights from Anchorage, and access to a deep-sea port and a temperate climate.\n\n\n \nSelected drill result highlights from the Shumagin Prospect:\n\n \n\nHole#\n\n\n\n\nFrom\n\n\n\n(meters)\n\n\n\n\nTo\n\n\n\n(meters)\n\n\n\n\nLength*\n\n\n\n(meters)\n\n\n\n\nGold Grade\n\n\n\n(g/t)\n\n\n\n\nSilver Grade\n\n\n\n(g/t)\n\n\n\n\nDDH-26\n\n\n\n\n49.07\n\n\n\n\n49.83\n\n\n\n\n0.76\n\n\n\n\n37.7\n\n\n\n\n20.6\n\n\n\n\nDDH-28\n\n\n\n\n44.81\n\n\n\n\n46.02\n\n\n\n\n1.22\n\n\n\n\n16.5\n\n\n\n\n55.5\n\n\n\n\nDDH-35\n\n\n\n\n77.27\n\n\n\n\n77.88\n\n\n\n\n0.61\n\n\n\n\n192.6\n\n\n\n\n5403.4\n\n\n\n\nDDH-42\n\n\n\n\n132.59\n\n\n\n\n134.11\n\n\n\n\n1.52\n\n\n\n\n30.96\n\n\n\n\n35.0\n\n\n\n\nDDH-46\n\n\n\n\n153.62\n\n\n\n\n154.84\n\n\n\n\n1.22\n\n\n\n\n365.35\n\n\n\n\n190.6\n\n\n\n\nDDH-51\n\n\n\n\n156.06\n\n\n\n\n156.67\n\n\n\n\n0.61\n\n\n\n\n182.02\n\n\n\n\n88.5\n\n\n\n\nDDH-57\n\...

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