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Raystar Closes Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2011) - Raystar Capital Ltd. ("Company") (TSX VENTURE:RYA.H) announces is has completed a non-brokered private placement ("Private Placement") of 7,000,000 units ("Units") priced at $0.07 per Unit for gross proceeds of $490,000. Each Unit consists of one common share ("Share") and one common share purchase warrant ("Warrant"), each Warrant entitles the holder to purchase a further Share at a price of $0.10 per Share for a period of one year from closing. The Shares and Warrants issued are subject to a four month hold period expiring May 28, 2011. 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 Private P
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