Redstar Gold Closes Non-Brokered Private Placement

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[{"type":"text","content":"Redstar Gold Closes Non-Brokered Private Placement(via Thenewswire.ca)\n\n \nTheNewswire / April 29, 2016 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) (\"Redstar\" or the \"Company\") is pleased to announce that, further to its news release dated April 21, 2016, the Company has closed a non-brokered private placement of 19,085,200 units at a price of $0.06 per unit to raise gross proceeds of $1,145,112. Each unit consisted 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 3 years from 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 paid finders' fees totalling $17,685 to certain finders who introduced subscribers to the placement. The private placement is subject to the approval of the TSX Venture Exchange and the securities will be subject to a four month and one day hold period under securities laws.\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...

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