Star Minerals Group Lists on Canadian National Stock Exchange - Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - January 3, 2014) - Star Minerals Group (CNSX: SUV) is one of the latest new listings on the Canadian National Stock Exchange, and is trading under the symbol SUV. The company is focused on the strategic acquisition and development of uranium, diamond, oil & gas, precious metal and rare earth properties.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Star Minerals" in the search box.
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Concurrent with its new CNSX listing, the company voluntarily de-listed from the TSX Venture Exchange, and consolidated its shares on the basis of one new share for every 3 pre-consolidated shares. This followed a recent name change from Star Uranium.
On December 31st, the company closed a non-brokered private placement, raising gross proceeds of $476,000 from the sale of $0.24 units.
Each unit consisted of three flow-through shares, one non-flow-through share, and one-half of a warrant, with each full warrant exercisable at $0.09 in the first year, and $0.105 in the second year.
The company entered into an asset purchase agreement with Shane Resources to acquire several claims, and an option and joint venture agreement with Great Western Minerals to participate in their Rare Earth Project in northern Saskatchewan, while signing a joint venture agreement with Lakeland Resources, granting Lakeland an option to acquire a 100% in two claims totalling 1,092 hectares located near Stony Rapids in the Athabasca Basin in Saskatchewan.
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Barry Morgan, CFO