International Star, Inc. 506(C) Private Placement Progress Update
December 22 2015 - 9:10AM
Access Wire
TUCSON, AZ / ACCESSWIRE / December 22, 2015 /
International Star, Inc. (OTC: "ILST"), developer of the Van Deemen
Gold project in Northwest Arizona, is pleased to update
shareholders on the exciting progress of its 506 (C) Private
Placement.
Over the last three weeks, substantial due diligence and
communications have occurred. The Company can report that it
expects to receive one or two Letters of Intent for funding prior
to year's end. International Star can also state that it has
received a very substantial commitment from a "cornerstone"
investor. Given the interest, the Company is contemplating raising
the amount of the offering to $6,000,000, which would fully fund
the project into production.
Michael Shea, CEO commented, "This is an exciting time for
the Company and our team is hopeful we can close this funding in
January 2016. We also have been working on other cash generative
initiatives which will announced implemented in the first
quarter.
Lastly, on behalf of International Star, we wish everyone a
happy and safe holiday and look forward to providing more funding
details updates next week."
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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