Arctic Star increases private placement to $400,00https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aADD-1769700&symbol=ADD®ion=C
2010-10-19 13:49 ET - News Release
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Mr. Patrick Power reports
AMENDED PRIVATE PLACEMENT
Arctic Star Diamond Corp. announces that, pursuant to the press release dated October 14, 2010 announcing a private placement for gross proceeds of $200,000, it has increased the offering so that the private placement consists of 8,000,000 units at a price of
.05 per unit for gross proceeds of $400,000. Each unit consists of one common share of the Company and one non-transferable common share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of two years from the closing date at the exercise price of
.10 per share. Proceeds are to be used for working capital.
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