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Urastar Announces $5 Million Financing |
February 01, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2011) - Urastar Energy Inc.(TSX VENTURE:URS) (the "Company") has launched an equity financing and intends to complete a private placement for the sale of up to 12,500,000 units at a cost of $0.40 per unit for a total of $5,000,000, where each unit consists of one common share of the Company and one share purchase warrant having a five year term for the purchase of one common share of the Company at the exercise price of $0.75 per share.
http://www.marketwire.com/mw/release.do?id=1389073&sourceType=3
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