Redstar Gold Corp. Sept. 8 reported the closing of a C$750,000 non-brokered private placement consisting of 18.75 million common shares at a price of C4 cents per share.

No finder's fees were paid in conjunction with the financing.

Proceeds of the placement will be used to advance the company's Unga Gold project in Alaska and for general working capital purposes.

Located on an island just of...