Weststar Resources Closes Financing for $509,000

Press Releases |

Vancouver, BC /  October 26, 2015:  Weststar Resources Corp. ($WER:CNX) (the “Company”) is pleased to announce that the Company has closed a Non-Brokered Private Placement Financing (the “Private Placement”) for gross proceeds of $509,000.

The Company has allotted and issued 10,180,000 units (the “Units”) at a price of $0.05 per Unit.  Each Unit consists of one common share in the capital of the Company and one share purchase warrant (the “Warrant”).  Each Warrant is exercisable by the holder to acquire one additional common share of the Company for a period of two years from issuance at an exercise price of $0.075 per share. Proceeds from the Private Placement will be used to further its due-diligence in North Road Ventures and fulfill the terms of the Business Arrangement as per the Company’s news release dated July 21, 2015, assess other potential business opportunities and for general working capital.

In relation to the Private Placement, the Company has paid a finder’s fee of $30,800 to an arm’s-length third party.  All securities issued pursuant to the Private Placement are subject to a four-month and one-day hold period.

For further info on the Company please visit www.weststarresources.com or email info@weststarresources.com.

On Behalf of the Board

Will Rascan, President/CEO

Weststar Resources Corp.

(604) 683-3995

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd is engaged in the development, marketing and promotion of in-flight safety monitoring systems.

Private Markets

Lyft

Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…

Airbnb

Airbnb is a community marketplace for people to list, discover, and book unique accommodations around the world — online or from a mobile phone. Whether an apartment for a night,…