ILST news out ~
TUCSON, AZ / ACCESSWIRE / January 21, 2016 / International Star, Inc. (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)
TUCSON, AZ / ACCESSWIRE / January 21, 2016 / International Star, Inc. (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)
