International Star, Inc. Announces $1 Million 506(C) Private Placement
November 10 2015 - 9:25AM
Access Wire
TUCSON, AZ / ACCESSWIRE / November 10, 2015 /
International Star, Inc. (OTC: "ILST"), developer of the Van Deemen
Gold project in Northwest Arizona, announced today that it has
commenced a $1,000,000 USD non-brokered private placement offering
solely to accredited investors (the "Offering") under Rule 506(c)
of Regulation D promulgated by the SEC under the Securities Act.
The Company intends to use the proceeds from the Offering for SEC
compliant Technical Report, Permitting, audited financials/Form 10
and general working capital.
International Star will be offering Series B Convertible
Preferred Shares that will be subject to a twelve month restriction
period. Finder's fees may be payable on a portion of the
Placement.
In other news, International Star will be featured live on
Princeton Research's Money Info Radio Show
(http://www.princetonresearch.com/radio-shows/) on Tuesday, Nov 10,
2015 at 10:30am EDT. Participants will include CEO Michael Shea and
Barbara Carroll, VP of Development. The interview will be conducted
by Money Info Show's senior financial professionals Mike King,
Charles Moskowitz and radio broadcast professional Grey Wyatt. This
interview can be heard live, by accessing the above link, along
with the opportunity to participate in a questions and answer
session by calling 888-792-1590 during the show.
All this is leading up to the Las Vegas Investor
Presentation/Reception and Gold Mine Tour for the formal launch of
the private placement. The event kicks off at the historic Golden
Nugget in Las Vegas, NV on November 15, followed by a tour of the
Van Deemen gold project outside of Kingman, Arizona on November 16.
For additional details and to sign up for either the presentation
or tour, visit
https://www.regonline.com/ilstinvestormeeting_1773285. Both events
are free, however RSVP is required. Please note that space for the
mine tour is limited, therefore your earliest confirmation is
appreciated. The event is open to investors, shareholders, and
people interested in International Star and the Van Deemen
project.
"We are working toward securing friendly financing to propel the
Van Deemen gold project into production. Progress has been made on
the funding front and I will provide additional details regarding
this progress over the next several weeks. International Star is
committed to bringing the Van Deemen project online in the near
term and I am excited to showcase this project to investors at our
Vegas Conference next week on November 15-16," said Mike Shea, CEO
International Star, Inc.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
About International Star:
(www.ilstholdings.com)
International Star is a mining Company with claims in the Black
Mountains of NW Arizona. Its primary focus is to bring the Van
Deemen gold project into production thereby generating cash flow to
enable growth and sustainability.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to: the impact of economic, competitive and
other factors affecting the Company and its operations, markets,
product, and distributor performance.
CONTACT:
Michael Shea
International Star, Inc.
Phone: (203) 210-5614
Email: Mshea@ilstholdings.com
www.ilstholdings.com
SOURCE: International Star, Inc.
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