Lone Star Gold Announces Effective Registration Statement, Which Allows for up to $3 Million in Additional Capital From KVM Capital Partners LLC
ALBEQUERQUE, NM--(Marketwired - Nov 18, 2013) - Lone Star Gold, Inc. (OTCQB: LSTG), (the "Company"), announced today that its Equity Facility to fund up to $3,000,000 from KVM Capital Partners LLC (KVM) is now effective and Lone Star may access the funds under the terms of the agreement.
On October 15th, the Company announced it had received the commitment for the Equity Facility from KVM. Under the terms of the commitment, the Company was required to file an S-1 Registration Statement with the SEC. The Company was notified by the SEC that there were no further comments and the Registration Statement has now been declared Effective which allows the Company to access the Registered Equity Purchase Agreement.
Neil Kleinman, Director of KVM, commented: "KVM is pleased to play a role assisting Lone Star Gold to commence processing of its tailings pile. KVM looks to invest in Companies that have a viable business model where we can assist in both short- term and long-term goals. We have been familiar with the management of LSTG for many years and believe that we can assist Lone Star achieve its long term goal."
KVM is actively working with management to secure secondary funding to enable the company to begin the process of building its own on-site plant in Mexico.
About Lone Star Gold, Inc.
Lone Star Gold, Inc. is a publicly traded (OTCQB: LSTG) gold exploration and development company based in Albuquerque, New Mexico. The Company's aggressive acquisition and exploration approach is strategically focused on proven, stable precious metal regions in America and Mexico. Currently, Lone Star has a 70% Working Interest in concessions covering 800 hectares in the La Candelaria project in Chihuahua, Mexico, which the Company is evaluating to determine the potential sites that represent the best potential for silver and gold deposits. Lone Star also has an undivided 65% interest in the San Antonio del Potrero mine tailings project near the city of Hidalgo Del Parral in the state of Chihuahua, Mexico.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements." Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).