Desert Star Resources is pleased to announce that it has closed a private placement of 22,498,807 subscription receipts of the Company's wholly-owned subsidiary, Desert Star Holdings Corp., previously announced on November 2, 2017, for aggregate gross proceeds of $14,624,224.55. Each subscription receipt was priced at $0.65 and entitles the holder to ultimately receive one unit of the Company consisting of one common [...]
Desert Star Resources is pleased to announce that it has engaged Macquarie Capital Markets Canada Ltd., as lead agent on behalf of a syndicate of agents including BMO Capital Markets, Haywood Securities Inc. and PI Financial, who have agreed to sell on a "best efforts" private placement basis, up to 21,539,000 subscription receipts at a price of C$0.65 per subscription receipt, for aggregate gross proceeds of up to [...]
Desert Star Resources is pleased to announce it has entered into a non-binding Term Sheet for a C$20 million Subordinated Secured Convertible Term Debt Loan with Wheaton Precious Metals which, in addition to the proposed Early Deposit Precious Metals Purchase Agreement announced on August 10, 2017, results in a total financing package exceeding C$100 million. The expanded financing package with Wheaton provides capital [...]
Desert Star Resources is pleased to announce it has entered into a Communications Agreement with Tahltan Central Government relating to the Kutcho Project, which is located 100km east of Dease Lake, within the Tahltan Traditional Territory. As previously disclosed in the Company's June 15, 2017 news release, the Company has signed an agreement to acquire the Kutcho Project from Capstone Mining Corp. The Communication [...]
Desert Star Resources is pleased to announce it has agreed to terms on a non-binding Early Deposit Precious Metals Purchase Agreement with Wheaton Precious Metals under which Wheaton will pay Desert Star cash consideration totaling US$65 million for up to 100% of the payable silver production and up to 100% of the payable gold production from the Company's Kutcho Cu-Zn-Ag-Au Project in northwest British Columbia. In [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2017) - Desert Star Resources Ltd. (TSX VENTURE:DSR) ("Desert Star" or the "Company") is pleased to announce it has filed, with the Canadian securities regulators an independent technical report prepared in accordance with National Instrument 43-101 titled "Prefeasibility Study Technical Report on the Kutcho Project, British Columbia" ("2017 PFS" or the "Technical [...]
Desert Star Resources is pleased to announce it has signed a definitive agreement dated June 15, with Capstone Mining to acquire 100% of the Kutcho high grade copper-zinc-gold-silver project. The consideration for the acquisition of Capstone's wholly-owned subsidiary Kutcho Copper, which owns Kutcho includes C$28.8 million in cash plus such number of common shares in Desert Star, such that, subsequent to the completion of [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 6, 2017) - Desert Star Resources Ltd. (TSX VENTURE:DSR) ("Desert Star" or the "Company") is pleased to announce that it has entered into a Letter of Intent whereby it can earn 100% interest in the Iron Butte oxide gold-silver project located in Ladner County, north-central Nevada, approximately 60 kilometres south of Battle Mountain. Access and infrastructure to the project [...]
TSX-V: DSR VANCOUVER, Feb. 1, 2016 /CNW/ - Desert Star Resources Ltd. (TSX-V: DSR) ("Desert Star" or the "Company") is pleased to announce that it has commenced drilling at its Copper King project in the Superior district of Pinal County, Arizona. Desert Star is conducting a diamond drill program (approximately 2100 meters) targeting a significant porphyry-style alteration footprint that coincides with historic copper [...]
TSX-V: DSR VANCOUVER, Dec. 29, 2015 /CNW/ - Desert Star Resources Ltd. (TSX-V: DSR) ("Desert Star" or the "Company") is pleased to announce that it has received a decision memo from the U.S. Forest Service approving the drilling of up to 10 sites on its Copper King project. Drilling is anticipated to commence by the middle of January, 2016. Desert Star will be drilling approximately 2100 metres at its Copper King [...]
TSX-V: DSR VANCOUVER, May 20, 2015 /CNW/ - (TSXV: DSR) ("Desert Star" or the "Company") is pleased to announce the appointment of R. Stuart (Tookie) Angus to the Company's advisory board. Mr. Angus is an independent business advisor to the mining industry and is presently a director of Wildcat Silver Corp. and Chairman of Nevsun Resources Ltd. He was formerly Head of the Global Mining Group for Fasken [...]
TSX-V: DSR VANCOUVER, May 6, 2015 /CNW/ - (TSXV: DSR) ("Desert Star" or the "Company") is pleased to announce the appointment of Gord Neal as Vice President of Capital Markets and Business Development. Mr. Neal will assist the company in developing and executing on its capital markets strategy in preparation for the company's upcoming drill program and long term planning. He will also assist the company in its marketing [...]