Coltstar Announces Private Placement of 600,000 Units

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[{"type":"text","content":"\nColtstar Announces Private Placement of 600,000 Units\n\n\n Dec. 23, 2010 (Filing Services Canada) -- Coltstar Ventures Inc.  (CTR - TSX Venture), announces that it intends to conduct a non-brokered private placement of 600,000 units (the \"Units\") at a price of $0.50 per Unit to raise gross proceeds of $300,000 (the \"Offering\").  Each Unit will consist of one common share and one quarter of one common share purchase warrant (the \"Warrants\").  Each Warrant will entitle the holder to purchase one additional common share of the Company for a period of 12 months from the closing of the Offering at a price of $1.00 per share.The common shares issued under the Offering and upon exercise of the Warrants will be subject to a four-month hold period from the date of closing of the Offering.  A finder's fee may be paid, within the parameters of the TSX Venture Exchange.The Offering is subject to receipt of all necessary corporate and regulatory approvals, including the acceptance of the TSX Venture Exchange.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.Coltstar Ventures Inc.Suite 1680, 200 Burrard StreetVancouver, BCCanada V6C 3L6Source: Coltstar Ventures Inc. (TSXV - CTR)Maximum News Dissemination by Filing Services Canada Inc. *www.usetdas.com\n\n\n \n","length":2140,"tagName":"div"}]

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