The company has announced the closing of a non-brokered private placement.; an aggregate of 6,000,000 common shares at $0.05 per share for total proceeds of $300,000.
Canstar has completed the purchase of Freeport-McMoRan of Canada's 50% joint venture interest in the Mary March mineral properties located in the Buchans area of Newfoundland and Labrador.
The company has purchased the remaining 60% interest in the Copper Queen property, a 353.7 acre tract of 26 federal patented mining claims on private land immediately adjacent to the Binghampton Property.
Under the agreement, Solvista will acquire 50% ownership in five Tolima properties, and Tolima will gain two of Solvista's properties and 3 million in common shares.
The company announced today that it has arranged a non-brokered private placement of up to 4,000,000 units at a price of $0.15 per unit, subject to the approval of the TSX Venture Exchange