Mr. Arndt Roehlig reports:
Vancouver, BC: Coltstar Ventures Inc. (the “Company”) announces a post-consolidation private placement consisting of up to 5,000,000 million units at a price of 5 cents per unit for gross proceeds of up to $250,000. Each unit will consist of one common share of the Company. Any finder’s and/or agent’s fees will be paid in accordance with the policies of the TSX-V Exchange via cash and or shares of the Company. Proceeds of this private placement are for general working capital and exploration and development of the Company’s mineral properties. The private placement is subject to TSX-V approval.
The Company held its Annual and Special Meeting of Shareholders on Thursday June 13, 2013, whereby the shareholders approved the consolidation of the common shares of the Company on the basis of one (1) new share for every five old (5) shares issued, as set out in the Company’s information circular sent out to the Company’s shareholders in advance of the Meeting. Pursuant to the above approval of the shareholders, the Company is currently in the process of consolidating its share capital as described above along with a name change, symbol change and new Cusip number. The Company submitted to the TSX-V its request for the approval of the share consolidation on June XX, 2013.
On behalf of the Board of Directors:
/s/ “Arndt Roehlig”
Chief Executive Officer, President and Director
For further information please contact: Arndt Roehlig, Telephone: (604) 569-1236