By Sheri Kasprzak
Atlanta, Jan. 24 - Arizona Star Resource Corp. has closed a private placement of stock for C$5.12 million, the company said.
The offering includes 800,000 shares at C$6.40 each, sold to arm's length financial institutions.
Based in Toronto and Vancouver, B.C., Arizona Star is a gold exploration company. The proceeds will be used to fund cash calls in 2005 on the Cerro Casale joint venture. The proceeds will also be used for expenses related to Bema Gold Corp.'s proposed bid for Arizona Star shares and for general working capital.
| Issuer: | Arizona Star Resource Corp.
|
| Issue: | Stock
|
| Amount: | C$5.12 million
|
| Shares: | 800,000
|
| Price: | C$6.40
|
| Warrants: | No
|
| Settlement date: | Jan. 24
|
| Stock price: | C$6.88 at close Jan. 21
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
