Lone Star Gold Announces Effective Registration Statement, Which Allows for up to $3 Million in Additional Capital From KVM C...
November 18 2013 - 11:48AM
Marketwired
Lone Star Gold Announces Effective Registration Statement, Which
Allows for up to $3 Million in Additional Capital From KVM Capital
Partners LLC
ALBEQUERQUE, NM--(Marketwired - Nov 18, 2013) - Lone Star Gold,
Inc. (OTCQB: LSTG), (the "Company"), announced today that its
Equity Facility to fund up to $3,000,000 from KVM Capital Partners
LLC (KVM) is now effective and Lone Star may access the funds under
the terms of the agreement.
On October 15th, the Company announced it had received the
commitment for the Equity Facility from KVM. Under the terms of the
commitment, the Company was required to file an S-1 Registration
Statement with the SEC. The Company was notified by the SEC that
there were no further comments and the Registration Statement has
now been declared Effective which allows the Company to access the
Registered Equity Purchase Agreement.
Neil Kleinman, Director of KVM, commented: "KVM is pleased to
play a role assisting Lone Star Gold to commence processing of its
tailings pile. KVM looks to invest in Companies that have a viable
business model where we can assist in both short- term and
long-term goals. We have been familiar with the management of LSTG
for many years and believe that we can assist Lone Star achieve its
long term goal."
KVM is actively working with management to secure secondary
funding to enable the company to begin the process of building its
own on-site plant in Mexico.
About Lone Star Gold, Inc.
Lone Star Gold, Inc. is a publicly traded (OTCQB: LSTG) gold
exploration and development company based in Albuquerque, New
Mexico. The Company's aggressive acquisition and exploration
approach is strategically focused on proven, stable precious metal
regions in America and Mexico. Currently, Lone Star has a 70%
Working Interest in concessions covering 800 hectares in the La
Candelaria project in Chihuahua, Mexico, which the Company is
evaluating to determine the potential sites that represent the best
potential for silver and gold deposits. Lone Star also has an
undivided 65% interest in the San Antonio del Potrero mine tailings
project near the city of Hidalgo Del Parral in the state of
Chihuahua, Mexico.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute
"forward-looking statements." Actual results may differ materially
from those projected in forward-looking statements. Such statements
involve a number of risks and uncertainties such as competitive
factors, technological development, market demand and the Company's
ability to obtain new contracts and accurately estimate revenues,
if any, due to variability in size, scope and duration of projects,
and internal issues in the sponsoring client. Further information
on potential factors that could affect the Company's financial
results, can be found in the Company's various filings with the
Securities and Exchange Commission (SEC).
Dan Ferris Lone Star Gold, Inc 6565 Americas Parkway NE, Ste 200
Albuquerque, New Mexico 87110 www.lonestargold.com OTCQB: LSTG
INVESTOR RELATIONS: 1-800-986-9358
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