Friday, July 25 2014 9:44 AM EDT2014-07-25 13:44:41 GMT
The Ukrainian army has reported rebel attacks overnight throughout the restive east, claiming that at one border crossing the rebels were supported by artillery fire from the Russian side.Full Story >
A small group of Dutch and Australian investigators walked the sprawling, unsecured site where Malaysian Airlines Flight 17 went down as their governments prepared police detachments that will try to protect the crash area...Full Story >
Friday, July 25 2014 9:44 AM EDT2014-07-25 13:44:13 GMT
An Israeli defense official says the Security Cabinet is meeting to discuss international cease-fire efforts, but also the option of expanding its eight-day-old ground operation in Gaza.Full Story >
Palestinian hospital officials say three Palestinians have been killed in the West Bank, which has become increasingly restive because of a war between Israel and Hamas militants next door in the Gaza Strip.Full Story >
Vancouver, BC / ACCESSWIRE / May 9, 2014 / Redstar Gold Corp (TSX.V:RGC) (“Redstar” or the “Company”) announces it has arranged a non-brokered private placement of up to 55,133,333 units at a price of $0.06 per unit to raise gross proceeds of $3.31 million. Each unit consists of one common share and two transferable 1/2 common share purchase warrants (Warrant A & Warrant B). Each whole (1) Warrant A can be exercised into one (1) common share of Redstar at a price of $0.09 per share for a period of 12 months from the closing. Each whole (1) Warrant B can be exercised into one (1) common share of Redstar at a price of $0.12 per share for a period of 30 months from the closing. If 18 months after closing Redstar common shares trade at a 33.3% premium to the warrant exercise price (i.e. $0.16) for 10 consecutive trading days then the Company can force warrant holders to exercise their Warrant B into Redstar shares
The Company has agreed to pay finders’ fees equal to 6%, payable in cash, to finders who have introduced subscribers to the placement.
Proceeds from the placement will be used to advance the Company’s Unga gold project in Alaska and for general working capital.
Closing of the private placement is subject to the approval of the TSX Venture Exchange.
Forward-Looking Information This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Redstar Gold Corporation (the “Company”) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Thursday, July 24 2014 8:05 PM EDT2014-07-25 00:05:21 GMT
The Eastville volunteer fire department confirms a tornado touched down at a campground on the Chesapeake Bay on Thursday morning, killing three people. The volunteer fire department confirms three peopleFull Story >
A New Jersey couple was identified as the victims of a tornado that hit the Cherrystone Family Camping & RV Resort in Northampton. Full Story >