Jackbitcoin wrote: 2021-01-05 09:30 ET - News Release
Mr. David Jellins reports
CRYPTOSTAR CORP. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF UNITS
Cryptostar Corp. has closed the private placement announced on Nov. 30, 2020, consisting of the issuance of four million units of the company to raise $200,000 at a price of five cents per unit by way of a non-brokered private placement.
Each unit consists of one common share of Cryptostar and one common share purchase warrant of Cryptostar. Each warrant entitles the holder to acquire one common share at a price of 7.5 cents per common share for a period of 18 months from the date of issue.
The offering is subject to TSX Venture Exchange approval. The securities issued in connection with the offering are subject to a four-month hold period, in accordance with applicable securities laws.
Cryptostar intends to use the net proceeds from the offering for business operations, and expansion of its business and for general working capital purposes.
About Cryptostar Corp.
Cryptostar has cryptocurrency mining operations with data centres located in the United States and Canada. Cryptostar is currently dedicated to becoming one of the lowest-cost cryptocurrency producers in North America and a major supplier of graphics processing units, application-specific integrated circuit miners, mining hardware and hosting packages worldwide.