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Groundstar Resources Ltd GRDSF

Groundstar Resources Ltd is the Canada-based based company. The company is primarily engaged in exploration, development and production opportunities in domestic and international areas of interest. The company is exploring opportunities of oil wells in Pierson area located at Manitoba and, in Neilburg region. Most of its revenue is earned through the Canadian market while it also has a presence in Egypt, Guyana, and various other countries.


GREY:GRDSF - Post by User

Bullboard Posts
Post by desertmuleon Jun 29, 2015 5:19pm
93 Views
Post# 23878739

Now Thats Skin in the Game!

Now Thats Skin in the Game!GROUNDSTAR DIRECTOR ACQUIRES ADDITIONAL COMMON SHARES Between Feb. 6, 2015, and June 18, 2015, Dale Hammons, a director of Groundstar Resources Ltd. acquired 1,868,000 common shares of Groundstar through open-market purchases through the TSX Venture Exchange at prices ranging from 3.5 cents to six cents per Groundstar share. Following these purchases, Mr. Hammons currently owns approximately 17.01 per cent of the issued and outstanding Groundstar shares, on a fully diluted basis. Mr. Hammons now has direct ownership over 5,107,778 Groundstar shares or approximately 16.30 per cent of the issued and outstanding Groundstar shares on an undiluted basis. In addition, Mr. Hammons directly owns 138,889 share purchase warrants and 130,000 stock options, which, on a fully diluted basis, would give Mr. Hammons ownership of an aggregate of 5,376,667 Groundstar shares or 17.01 per cent of the issued and outstanding Groundstar shares. Each warrant is exercisable until June 27, 2015, at 30 cents per Groundstar share, and each option is exercisable at 20 cents per Groundstar share until Aug. 18, 2019. Mr. Hammons has acquired the Groundstar shares for investment purposes, and from time to time, Mr. Hammons may acquire additional securities of Groundstar, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position. An early warning report is being filed concurrently with this news release under Groundstar's SEDAR profile, and a copy of the report may be obtained from SEDAR or by contacting Mr. Hammons at 780-826-0920.
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