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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (1861)	7/31/2013 3:42:31 PM
From: Goose94	Read Replies (2) of 203566

Lonestar West (LSI-V) closes $10.14-million private placement July 31, 2013 - News Release Lonestar West Inc. has closed its previously announced bought deal financing conducted by way of private placement. Lonestar, through a syndicate of underwriters led by Clarus Securities Inc. and including Industrial Alliance Securities Inc., issued 3.9 million common shares of the company at a price of $2.60 per common share, for aggregate gross proceeds to the company of $10.14-million under the offering. In connection with the offering, the company paid a cash commission of $507,000 to the underwriters. The net proceeds of the offering will be used to purchase additional fleet and for general corporate purposes. The common shares issued pursuant to the offering will be subject to a four-month regulatory hold period commencing from the date of closing. The offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings. "We are pleased by the positive response this offering received," said James Horvath, chief executive officer. "These funds will expedite our plans to increase the size of our fleet, thereby enabling Lonestar to capitalize on the extensive opportunities available in our markets."

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