By Sheri Kasprzak
New York, Feb. 14 - TrueStar Petroleum Corp. said it has concluded a non-brokered private placement for C$1.15 million.
The company issued 2,875,000 units at C$0.40 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.65 each for two years.
Based in Vancouver, B.C., TrueStar is an oil and natural gas exploration company.
| Issuer: | TrueStar Petroleum Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.15 million
|
| Units: | 2,875,000
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.65
|
| Placement agent: | Non-brokered
|
| Settlement date: | Feb. 14
|
| Stock symbol: | TSX Venture: TPC
|
| Stock price: | C$0.365 at close Feb. 14
|
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