Mr. Will Rascan reports
WESTSTAR RESOURCES RECEIVES APPROVAL ON DEBT SETTLEMENT TRANSACTION
Weststar Resources Corp., further to its news release dated Dec. 16, 2014,
has received TSX Venture Exchange approval on its debt settlement transaction.
The company has issued an aggregate of 236,944 common shares at a deemed price of five cents per share in order to settle indebtedness of $19,777.20 with certain arm's-length parties. The company determined to satisfy this outstanding indebtedness with shares in
order to preserve its cash for operations.
All shares issued pursuant to the transaction are subject to four-month-and-one-day hold
period.
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