Desert Star Closes Private Placement
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 May 1, 2017
For Immediate Release
Desert Star Closes Private Placement
VANCOUVER, B.C. – May 1, 2017 – Desert Star Resources Ltd. (“Desert Star” or the “Company”) is
pleased to announce the closing of its non-brokered private placement (the “Private Placement”) of
2,500,000 units (“Units”) at a price of $0.20 per Unit for gross proceeds of $500,000.
Each Unit consists of one common share and one transferable share purchase warrant exercisable to acquire
one common share for a period of 24 months at a price of $0.25 per common share. In connection with the
closing, directors and officers of the Company subscribed for an aggregate of 1,200,000 Units.
The Company is actively in the process of pursuing acquisitions in the resource sector and proceeds from the
private placement will be used to fund due diligence and transaction costs on potential acquisitions.
All of the securities issued pursuant to the Private Placement are subject to a four month hold period expiring
September 2, 2017.
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.