LA PRAIRIE, QUÉBEC--(Marketwire - June 29, 2012) - Vanstar Mining Resources Ltd. (TSX VENTURE:VSR) (the "Company") announces the completion of a $147,000 non-brokered financing. The Company sold 147 units at a purchase price of $1,000 per unit. Each unit includes 4,000 flow-through common shares and 1,000 common shares at a price of $0.20 per share and 2,500 common share purchase warrants. Each warrant allows for the purchase of one additional common share of the Company at the purchase price of $0.25 per common share at any time 12 months after the closing date.
These shares are subject to a 4-month minimum hold period and the financing is subject to the approval of the TSX Venture exchange. No commissions were paid in connection with this financing and 3 insiders participated for a total amount of $35,000.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.