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.

International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more International Star (PK) Charts.
International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more International Star (PK) Charts.