ARCTIC CLOSES ON WESTERN ATHABASCA BASIN DIAMOND CLAIMS ACQU
Arctic Star closes acquisition of Diamond Dunes
2016-08-10 16:15 ET - News Release
Mr. Thomas Yingling reports
ARCTIC CLOSES ON WESTERN ATHABASCA BASIN DIAMOND CLAIMS ACQUISITION
Arctic Star Exploration Corp. has closed the acquisition of its new Diamond Dunes project, located in the western Athabasca basin, Saskatchewan, and as announced July 21, 2016.
Arctic has acquired a 100-per-cent interest in mineral claims comprising 40,831 hectares in the Athabasca basin by paying $25,000 cash, plus issuing one million Arctic Star shares to the vendor. The company shares issued are subject to a four-month hold period.
The company also announces that it has cancelled 1,615,000 outstanding options pursuant to cancellation agreements with certain of its insiders and consultants for total cancellations (including those announced on July 21, 2016) of 3,056,000 options, and has decided not to proceed with the July 21, 2016, announced grant of 2.44 million stock options to a consultant to the company.
For further information on this release or other projects that Arctic Star has, please visit the company's website, or contact the company at info@arcticstar.ca or 604-689-1799.
We seek Safe Harbor.