International Star Inc. Announces Finalization of Property and Process Acquisition as Well as Negotiated a Private Placement.Business Editors LAS VEGAS--(BUSINESS WIRE)--March 26, 2001 International Star Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ISRI ISRI Institute of Scrap Recycling Industries ISRI Institute for Software Research, International (Carnegie Mellon University) ISRI Information Science Research Institute ISRI Intelligent Systems Research Institute ) announces that it has finalized the acquisition of 51 lode Mining claims (approximately 1000 acres) located in the Wikieup mining district, Mohave County, Arizona Mohave County is located in the northwestern corner of the U.S. state of Arizona. As of 2000 its population was 155,032. The county seat is Kingman. The largest city is Lake Havasu City. , and the exclusive rights to an extraction procedure for the recovery of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , by issuing (1,000,000) Restricted common shares to the vendor, and receiving the following: 1) A notarized Quit Claim deed A quit claim deed is a legal document by which a person releases or "quits" any claim that they may have had to property. Of the different types of deeds, the quit-claim has the least assurance that the person receiving it will actually get any rights. for all rights, interest and title to 51 lode Mining Claims which the Company recorded at the BLM BLM n abbr (US) (= Bureau of Land Management) → les domaines office in Phoenix, Arizona and at Mohave County in Kingman, Arizona. 2) An assignment to International Star Inc. of all rights, title and interest to the recovery process developed by the vendor. The Company is further pleased to announce that it has negotiated a private placement of (1,500,000) shares of its restricted common stock at a price of ($.60) per share for a total of ($900,000) and (1,500,000) share purchase warrant exercisable for a period of one year at a price of ($1.00) per warrant. Each warrant entitles the holder to purchase one common share. For further information contact Pat Westphal, public relations, at 702/869-8757. NOTE: Safe harbor for Forward Looking Statements. Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market compensation, risk inherent in the company's international operations, imprecision of reserve estimates and the company's ability to replace and expand reserves. |
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