On April 18, 2018, Canstar Resources Ltd. (“Canstar”) announced that, in connection with its acquisition of Adventus Zinc Corporation (“Adventus”), it completed a non-brokered private placement for aggregate gross proceeds of $1,500,021.00 (the “Offering”). The Offering consisted of the sale of 8,333,699 common share subscription receipts (“Common Share Receipts”) at a price of $0.06 per Common Share Receipt and 12,500,000 flow through subscription receipts (“Flow Through Receipts”) at a price of $0.08 per Flow Through Receipt.

The net proceeds of the Offering will be applied to Canadian exploration expenses and working capital expenses.

Canstar is a Canadian mineral exploration and development company. Canstar’s objective is to discover and develop economic mineral deposits primarily in North America.

Peterson McVicar acted for Canstar Resources Ltd. with a team that included Dennis Peterson, Andrey Shamis, Peter Georgas and Jonathan Clark.