Business
Coltstar Announces First Partial Closing of Private Placement of 660,000 Units
Coltstar Announces First Partial Closing of Private Placement of 660,000 Units
About this update from Metallis Resources Inc.
[{"type":"text","content":"\nColtstar Announces First Partial Closing of Private Placement of 660,000 Units\n\n\n Jun. 11, 2010 (Filing Services Canada) -- Coltstar Ventures Inc.  (CTR - TSX Venture), (the \"Company\") announces that it has finalised the closing of the first tranche of its private placement (the \"Offering\") of 660,000 units (the \"Units\") at a price of $0.35 per Unit for gross proceeds of Cdn $231,000.  The Offering was previously announced by the Company on June 1, 2010.  Each Unit consists of one common share and one quarter of one common share purchase warrant (the \"Warrants\").  Each Warrant entitles the holder to purchase one additional common share of the Company for one year from June 11, 2010, at a price of $0.50 per share.  The common shares issued under the Offering and upon exercise of the Warrants are subject to a four-month hold period expiring on October 12, 2010.  The Company paid finder's fees in the aggregate amount of $11,270 in connection with this tranche of the private placement.The Company expects to close the remaining offering totalling the full 3 million units by the end of next week. The Company is a mineral exploration company that is currently exploring for base and precious metals in Europe and Canada.   On behalf of the Board of Directors\"Damien Reynolds\"Chairman, President and CEO of Coltstar Ventures Inc.For further information please contact:Garry StockTelephone:  (604) 683-8236Neither 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.Maximum News Dissemination by Filing Services Canada Inc. *www.usetdas.com\n\n\n\n","length":2068,"tagName":"div"}]