Lonestar Closes Private Placement Financing
19 August 2011 - 7:00AM
Marketwired
Lonestar West Inc. (TSX VENTURE: LSI) ("Lonestar" or "the Company")
is pleased to announce it has closed a non-brokered private
placement offering of 2,154,900 common shares at $0.60 per common
share for gross proceeds of $1,292,940 (the "Financing").
No finder's fees or commissions were paid in connection with the
Financing. The proceeds of the Financing will be used for the
repayment of subordinate debt and general corporate purposes. The
common shares issued pursuant to the Financing will all be subject
to a four month regulatory hold period commencing from the date of
closing.
About Lonestar West
The Company currently operates a fleet of HVAC and vacuum trucks
throughout Western Canada from its base in Sylvan Lake, Alberta. It
is focussed on profitably growing its HVAC services to become a
major national competitor in the market area.
For more information please visit the Lonestar West website at
www.lonestarwest.com.
NEITHER THE 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.
Contacts: Lonestar West Inc. James Horvath President & CEO
403-887-2074 info@lonestarwest.com
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