Incorporated in 1968, Groundstar Resources Limited is a diversified publicly traded oil and gas company with oil production and exposure to 7.3 million gross acres of resource assets. The Company is actively growing a portfolio targeting producing oil and gas assets with development opportunities and exploration upside. The Company’s current portfolio of assets provides both near term and longer term potential. Groundstar is quoted and trades under the ticker symbol “GSA” in Canada and “GRDSF” in the United States.
GROUNDSTAR ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING OF UP TO $1.5 MILLION
December 11, 2014 - Groundstar Resources Limited (TSXV:GSA) (the “Company”) is pleased to
announce that it intends to complete an offering of up to 15,000,000 common shares in the
capital of the Company to be issued on a “flow-through” basis within the meaning of the Income
Tax Act (Canada) (the “Flow-Through Shares”) at a price of $0.10 per Flow-Through Share by way of a
non-brokered private placement for total gross proceeds of up to $1.5 million (the “Offering”). READ MORE