| December 02, 2009 Abbastar Closes Private Placement | |
| Abbastar Resources Corp. (the "Company") is pleased to announce that the non-brokered private placement announced on November 4, 2009 was closed today. The Company has issued 1,000,332 common shares at a price of $0.30 per share for gross proceeds of $300,100. The proceeds from the financing will be used for exploration expenditures. The Company will pay a $9,975 referral fee to Research Capital Corporation. The shares are subject to a four-month hold period pursuant to applicable securities laws and regulations. The hold period will expire on April 4, 2010. Insider / Pro Group Participation: Name Insider = I # of Shares Pro Group = P Barry Allan P 166,667 Scott Cathcart P 83,333 Aubrey Eveleigh I 83,333 John Eymann P 85,000 Matthew Skipp P 166,666 To learn more about Abbastar Resources Corp., visit our website at www.abbastarresources.com. On behalf of the Board, John B. Good President & CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. | |
You can view the Next News Releases item: Tue Dec 15, 2009, Abbastar Raises $1,000,000 To Drill High Grade Talbot Lake Gold Deposit You can view the Previous News Releases item: Wed Nov 4, 2009, Abbastar Announces Private Placement You can return to the main News Releases page, or press the Back button on your browser. |
