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Canstar Announces Closing of First Tranche of Non-Brokered Private Placement for Mary March Exploration

Canstar Resources Inc. (ROX.V) today announced the closing of the first tranche of the proposed non-brokered private placement financing. To date the company said it has closed the sale of over 4 million units for gross proceeds of $704,000.

The company also added that proceeds of the financing will be used to fund exploration on its Mary March property in the Buchans area of Newfoundland and Labrador and working capital.

ROX shares are now unchanged at $0.175 after opening higher this morning to 18 cents. More than 16.2 thousand shares have already changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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