13:15:58 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Western Star Resources Inc
Symbol WSR
Shares Issued 20,529,332
Close 2024-02-26 C$ 0.025
Market Cap C$ 513,233
Recent Sedar Documents

Western Star to roll back shares one for seven

2024-02-26 18:10 ET - News Release

Mr. Blake Morgan reports

WESTERN STAR RESOURCES INC. ANNOUNCES SHARE CONSOLIDATION

Western Star Resources Inc.'s board of directors has approved, by board resolution, the consolidation of all of its issued and outstanding securities on a one-for-seven basis, pursuant to the policies of the Canadian Securities Exchange. The company's authorized share capital currently consists of an unlimited number of common shares without par value, of which 20,529,332 shares are issued and outstanding, with a further 8,677,800 shares reserved for issuance upon the exercise of outstanding warrants. An additional 800,000 shares are reserved for issuance upon the exercise of outstanding options.

Following consolidation and subject to rounding, Western Star will have 2,932,762 common shares issued and outstanding, subject to additional share issuance pursuant to outstanding warrants and options being exercised prior to the effective date of the consolidation. The board of directors believes that the share consolidation will provide the company with increased flexibility to seek financing opportunities and strategic acquisitions. The company does not intend to undergo a name change in conjunction with the proposed consolidation.

Western Star has further announced that it has cancelled the $800,000 non-brokered private placement announced on Dec. 12, 2023.

Additional information

Additional information about the company and the transaction is available on SEDAR+ under the company's profile. The summary of the transaction set out above is qualified in its entirety by reference to the description of the transaction in the company's filing statement posted on SEDAR+.

About Western Star Resources Inc.

Western Star is a mineral exploration and development company. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 2,797 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne.

We seek Safe Harbor.

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