|Page (1) of 1 - 01/13/12||email article||print page|
Individuals Increase Positions in Raystar Pursuant to Exercise of Warrants(January 13, 2012)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/13/12 -- Raystar Capital Ltd. (the "Company") (TSX VENTURE:RYA.H) announces that individuals (the "Acquirers") have acquired 7,000,000 common shares ("Common Shares") of the Company pursuant to the exercise of common share purchase warrants of the Company ("Warrants") that were acquired pursuant to a private placement transaction that closed on January 27, 2011. The Warrants were acquired at an exercise price of $0.10 per share for an aggregate purchase price of $700,000. Following the exercise of the Warrants, the Company will have approximately 26,857,040 common shares issued and outstanding.
This news release is being disseminated as required by National Instrument 62-103 The Early Warning system and Related Take Over Bids and Insider Reporting Issues in connection with the filing of early warning reports ("Early Warning Reports") regarding the acquisition of ownership and control of Common Shares by the Acquirers as follows:
Purchaser No. of Warrants Exercised ---------------------------------------------------------------------------- Lukas H Lundin, 2101 - 885 W. Georgia Street, Vancouver, British Columbia V6C 3E8 2,334,000 Douglas Forster, Suite 3244 - 1055 Dunsmuir Street, Vancouver, British Columbia V7X 1L3 2,333,000 Blayne Johnson, Suite 3244 - 1055 Dunsmuir Street, Vancouver, British Columbia V7X 1L3 2,333,000
The Common Shares acquired by each Acquirer together with all common shares of the Company owned by each Acquirer represent approximately 17% of the issued and outstanding shares of the Company.
The Acquirers acquired the Common Shares for investment purposes only and may, from time to time, acquire additional securities of the Company, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions.
Copies of the Early Warning Reports may be found on www.SEDAR.com.
RAYSTAR CAPITAL LTD.
Edward Farrauto, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Raystar Capital Ltd.
Chief Executive Officer
Copyright @ Marketwire
Related Keywords: Raystar Capital Ltd. , Marketwire, ,