MONTREAL, Nov. 7, 2013 /CNW Telbec/ - Société de développement des entreprises minières et d'exploration II L.P. ("Sodémex") announced that it has subscribed for 625,000 units of Goldstar Minerals Inc. (TSXV: GDM) ("Goldstar" or the "Corporation"), at a price of CA$0.08 per unit.
The general partner of Sodémex is Gestion Sodémex Inc. ("Gestion Sodémex"). La Caisse de dépôt et placement du Québec ("la Caisse") is a majority shareholder of Gestion Sodémex.
Each unit consists of one common share in the share capital of the Corporation ("Common share") and one common share purchase warrant ("Warrant") of the Corporation.
Each Warrant gives the right to acquire one additional Common share of Goldstar at an exercise price of $0.12 per common share at any time until October 30, 2015.
The subscription was made through a private placement under the accredited investor exemption provided by applicable securities regulation.
Taking into account the potential exercise of Warrants for Common shares, Sodémex would hold a total of 1,250,000 common shares of Goldstar, representing 12.54% of all such common shares issued and outstanding on a partially diluted basis.
Sodémex may increase or decrease its interest in Goldstar based on market conditions or other relevant factors.
This news release is issued in accordance with the early warning requirements stipulated by securities regulation, which require that investors issue and file a news release and a report, when they acquire beneficial ownership of securities with voting rights that would represent, with the securities they already hold, 10% or more of the outstanding shares of the class.
In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian Securities Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below.
SOURCE Caisse de dépôt et placement du Québec