Desert Star Announces $150,000 Loan
Desert Star Resources |717– 1030 West Georgia Street |Vancouver, British Columbia |Canada| V6E 2Y3|Telephone: (604) 628-5623| Facsimile:
(604) 647-6613 |www.desertstar.ca
TSX-V: DSR January 26, 2017
For Immediate Release
Desert Star Announces $150,000 Loan
Vancouver, B.C., January 26, 2017 . Desert Star Resources Ltd. (TSX -V: DSR) (“Desert Star” or the
“Company”) announces that it has arranged a loan of $150,000 from an arm’s length party. The proceeds
of the loan will be used for general working capital. The loan bears interest at the rate of 10% per annum
and has a maturity date of 18 months from the date of advance.
Subject to TSX Venture Exchange (“TSXV”) approval, the Company will issue 225,000 bonus shares to
the lender at a deemed price of $0.105 per share, and 300,000 share purchase warrants exercisable for one
year at an exercise price of $0.20 per common share in consideration for providing the loan. The warrants
will be non-transferable. The bonus shares will be issued in accordance with the policies of the TSXV and
will be subject to a hold period of four months and a day from issuance.
On behalf of the Board of
DESERT STAR RESOURCES LTD.
“Vince Sorace”
Vince Sorace
President and CEO, Desert Star Resources Ltd.
For further information regarding Desert Star, please email [email protected] or visit our website at
www.desertstar.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.