Peterson McVicar acts for Canstar Resources Ltd. in acquisition of Adventus Zinc Corporation
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.
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