TSXV:PNS - Post Discussion
Post by
dataman69 on Mar 15, 2011 1:59pm
PP increased to $1.8mil
lotsa cash for drilling
PINESTAR INCREASES PRIVATE PLACEMENT TO RAISE UP TO $1,800,000
Pinestar Gold Inc. intends to increase the size of its privateplacement of units originally announced in the company's Stockwatch newsrelease dated March 10, 2011. The company will now issue up to7,826,087 units at a price of 23 cents per unit, to raise total grossproceeds of up to $1.8-million.
Each unit will comprise one common share of the company and one-half ofone warrant. Each whole warrant will allow the holder thereof to acquireone additional common share of the company at an exercise price of 33cents per share for a period of 18 months.
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