Redstar, Unga get C$3 million boost from Sprott investment
Last updated 8/28/2016 at Noon
Redstar Gold Corp. Aug. 23 reported that Eric Sprott has agreed to acquire 30 million Redstar shares through a non-brokered private placement of up to 41 million shares at C10 cents each.
The financing will involve two tranches that are expected to close before the end of August.
Upon full closing of the financing, Sprott will control roughly 12.1 percent of Redstar's shares.