International Star, Inc. 506(C) Private Placement Well Received at Vegas Investor Conference
November 24 2015 - 9:25AM
Access Wire
TUCSON, AZ / ACCESSWIRE / November 24, 2015 /
International Star, Inc. (OTC: "ILST"), developer of the Van Deemen
Gold project in Northwest Arizona, is pleased to update
shareholders on the positive response to the 506 (C) Private
Placement.
The event was well attended and there were some one on one
private meetings. The strong interest demonstrates the prospects of
the Van Deemen and management's capability of bringing the project
into production. Many of the investors were knowledgeable in the
mining space and asked questions specific to timing, production
processes and permitting.
Given the strong interest, the Company may increase the size of
the offering. Next steps include a follow-up meeting with a broader
group of investors looking to fund the full project. The meeting
will take place prior to yearend in Phoenix.
In addition, we have separate investor groups, that are in the
mining sector, that are in due diligence on the project.
Michael Shea, CEO stated, "Given the bearish gold price, I am
pleasantly surprised at the interest. While I am encouraged, I
would caution that these discussions are preliminary but overall am
quite optimistic."
The Company will provide updates as events progress.
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.
International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Mar 2024 to Apr 2024
International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Apr 2023 to Apr 2024
