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Raystar Capital Ltd.: News Release
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2011) - Raystar Capital Ltd. ("Company") (TSX VENTURE:RYA.H) is pleased to announce a non-brokered private placement ("Private Placement") of 7,000,000 million units ("Units") at a price of $0.07 per Unit for gross proceeds of $490,000. Each Unit will consist of one common share ("Share") and one common share purchase warrant, each warrant entitling the holder to purchase a further Share at a price of $0.15 per Share for a period of two years from closing of the Private Placement. Following the Private Placement, the Company will have approximately 19,857,040 Shares issued and outstanding. Proceeds from the Private Placement will be used for general working capital. There is no finder's fee associated with the financing. The private placement is subject to acceptance for filing by the TSX
View More : http://www.marketwire.com/mw/release.do?id=1379046&sourceType=3
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