Canstar Resources Inc.

Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, has purchased 6,934,537 common shares of Canstar Resources Inc., completing the second tranche of the private agreement transaction , at a price of $0.375 per Share for aggregate consideration of $2,600,451. The purchase of 6,934,537 Shares represent an increase of approximately 6.7% of the outstanding Shares on a [...]

Adventus Mining Corp. is pleased to announce that it has entered into an agreement with 2176423 Ontario Ltd., a private company controlled by Eric Sprott, to sell 17,336,339 common shares of Canstar Resources Inc. at a price of $0.375 per Share for gross proceeds to Adventus in the amount of $6,501,127.12 . Christian Kargl-Simard, President and CEO of Adventus commented, "We are excited at the ongoing momentum and success [...]

Canstar Resources Inc. is pleased to announce that it plans to double the size of the diamond drill program that commenced on its Golden Baie Project on June 8, 2021. The Company now plans to drill approximately 5,000 metres this summer based on positive visual observations of drill core in the initial holes drilled. Assay results for the first drill hole samples are expected in late July. Drilling to date has focused on [...]

Canstar Resources Inc. & is pleased to announce that diamond drilling has commenced at its Golden Baie Project in southern Newfoundland. The Company is also pleased to report that its recently commenced field exploration activities have already yielded several new significant discoveries on the Golden Baie Project. Commencement of Diamond Drill Program Canstar contracted Majors Contracting Ltd. of Deer Lake, Newfoundland [...]

Highlights: - $1.5 million exploration program includes diamond drilling, May 25, 2021 - Canstar Resources Inc. & is pleased to announce details of its 2021 exploration program on the Golden Baie Project in southern Newfoundland. The exploration program is budgeted for $1.5 million and will include at least 2,500 metres of diamond drilling, which will be the first drilling on the property in over a decade. Subject to [...]

Canstar Resources Inc. & is pleased to announce that it has completed its previously announced non-brokered private placement, consisting of the sale of 13,157,895 units at a price of $0.19 per Unit for aggregate gross proceeds of $2,500,000.05 . Each Unit consists of one common share in the equity of the Company and one share purchase warrant . Each Warrant will entitle the subscriber to purchase one additional Common [...]

Canstar Resources Inc. & is pleased to announce a non-brokered private placement offering for aggregate gross proceeds of up to $2,500,000 through the issuance of units of the Company at a price of $0.19 per Unit. Each Unit will consist of one common share and one common share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.25 for a period of 24 months from the [...]

Canstar Resources Inc. & is pleased to announce that Neil Burns and James Clare have been appointed to the Company's board of directors. Director Patrick Reid has resigned from the board, effective immediately. The Company thanks Mr. Reid for his many years of dedicated service to the Company as a director. Neil Burns is a geologist with over 25 years of extensive international experience in exploration, mining and [...]

Highlights - Assays from channel sampling at the Kendell Prospect demonstrated continuity of the shear zone hosting gold-bearing quartz veins over a strike length of about 70 metres, February 22, 2021 - Canstar Resources Inc. is pleased to announce the final assay results from the surface exploration program conducted in the fall of 2020 at its Golden Baie Project in southern Newfoundland. The 2020 exploration program was [...]

Canstar Resources Inc. & is pleased to announce that it has hired Dawn Evans-Lamswood, M.Sc., P.Geo, as its Vice President, Exploration, through her consulting company, DEL Exploration, based in St. John's, Newfoundland. In addition, the Company is pleased to announce that Dr. Laurence Curtis has agreed to join the company as a technical advisor. Ms. Evans-Lamswood is a well-respected structural geologist with over 30 [...]