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Petrostar Petroleum Corp
Symbol PEP
Shares Issued 92,868,343
Close 2010-04-21 C$ 0.075
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Petrostar plans $500,000 private placement
2010-04-22 13:52 ET - News Release
Mr. Bruce Scafe reports
PETROSTAR TO RAISE $500,000 IN FLOW THROUGH FUNDS
Petrostar Petroleum Corp. plans to issue, through a non-brokered private placement, up to 6.25 million flow-through units of the company at a price of eight cents per unit for a total of $500,000.
Each unit will consist of one common share in the capital of the company, and one-half of a non-transferable share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share of the company for a period of two years following the closing date at a price of 12 cents per share in the first year and 15 cents per share in the second year.