International Star, Inc. Funding Update
January 21 2016 - 9:18AM
Access Wire
TUCSON, AZ / ACCESSWIRE / January 21, 2016 /
International Star, Inc. (OTC: ILST), developer of the Van Deemen
Gold project in Northwest Arizona, is pleased to update
shareholders as it moves towards completion of its 506 (C) Private
Placement ( the "Offering").
Since the Company hosted its Las Vegas Investor Meeting and Mine
Tour in mid-November, management has been involved in a series of
discussions/negotiations to complete its Regulation D 506C Private
Placement While the market for junior mining company remains very
difficult, we continue to make substantial progress:
- We have received a very substantial commitment from a
"cornerstone" investor.
- Three mining related companies are in due diligence.
- In response to inquiries, the Offering is being made available
in Israel and Europe.
- An internet campaign will be commencing.
- All documentation has been completed, including the 90+ page
506c Private Placement Memorandum, Subscription Agreement,
Promissory Note, Investor Verification, Anti-Money Laundering and
ERISA.
- On our website, there is now a Private Placement tab under the
Investors menu
(http://www.ilstholdings.com/investors/private-placement.html),
which provides a brief summary of the offering and more
importantly, allows accredited investors to sign up and receive the
Offering documents.
Michael Shea, CEO commented, "I am pleased with the progress to
date and look forward to closing the Offering as soon as
possible."
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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