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Clifton Star Resources Announces the Closing of the Brokered Flow-Through Private Placement
Published : November 13, 2012
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QUEBEC CITY, QUEBEC--(Marketwire - Nov. 13, 2012) - Clifton Star Resources Inc. (the "Company" or "Clifton") (News - Market indicators)(FRANKFURT:C3T) is pleased to announce it has closed with Industrial Alliance Securities Inc. (the "Agent") a private placement of flow-through shares (the "Private Placement").

The Company has issued 2,760,000 flow-through shares (each, a "Flow-Through Share"), at a price of $1.25 per Flow-Through Share for gross proceeds of $3,450,000 including the Flow-Through Shares issued pursuant to the Agent's over-allotment option which was exercised in full.

In connection with the Private Placement, the Company paid a cash commission to the Agent in an amount equal to $203,250 and issued 138,000 compensation options entitling it to purchase for a period of 18 months from the date of issuance and at a price of $1.25 per share, a number of additional common shares of the Company equal to 5% of the total number of Flow-Through Shares sold in the Private Placement.

All of the securities issued pursuant to the Private Placement are subject to a hold period of four months and one day ending on March 14, 2013.

The Company intends to use the proceeds from the sale of the Flow-Through Shares to incur exploration expenditures on the Duparquet Project, to upgrade and expand its resources.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Louis Dufour
Vice President Finance & CFO
Companies Mentionned : Clifton | Clifton Star | Total |
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Clifton Star Resources

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Clifton Star is an exploration gold company based in Canada.

Its main exploration properties are DUQUESNE, HUNTER, BEATTIE, DONCHESTER, DUMICO, CAT LAKE and DUPARQUET in Canada.

Clifton Star is listed in Canada. Its market capitalisation is CA$ 6.5 millions as of today (US$ 5.0 millions, € 4.4 millions).

Its stock quote reached its highest recent level on November 02, 2012 at CA$ 1.05, and its lowest recent point on December 05, 2014 at CA$ 0.06.

Clifton Star has 48 210 000 shares outstanding.

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Financings of Clifton Star Resources
3/11/2015Announces Closing of Private Placements
11/13/2012Announces the Closing of the Brokered Flow-Through Private P...
10/31/2012Announces Brokered Flow-Through Private Placement
11/19/2010Issues $1,000,000 Flow-Through Shares at $5.50
Option Grants of Clifton Star Resources
2/6/2013Retains Albis Capital Corporation as Consultant for Investor...
1/11/2013Retains Mr. Louis Morin as Consultant for Investor Relations
Project news of Clifton Star Resources
9/18/2013(Duparquet)Confirms Excellent Gold Recoveries in Pilot Plant Testing on...
9/12/2012(Duparquet)Announces an Amended Option Agreement on the Duparquet Proje...
6/21/2011(Duparquet)Drilling to Commence at Duparquet
11/2/2010(Duparquet)Osisko and Clifton Star Intersect 70 Metres Averaging 1.94 g...
Corporate news of Clifton Star Resources
5/28/2015Clifton Star Announces Withdrawal and Consequent Cancellatio...
5/27/2015Clifton Star Announces Withdrawal and Consequent Cancellatio...
5/26/2015Clifton Star's Update and Q3 Quarterly Results
5/26/2015Update and Q3 Quarterly Results
3/11/2015Clifton Star Resources Announces Closing of Private Placemen...
3/2/2015Clifton Star Resources Announces Private Placements and Sett...
3/2/2015IIROC Trading Resumption - CFO
3/2/2015Announces Private Placements and Settlement of its Osisko Li...
3/2/2015Clifton Star Resources Announces Private Placements and Sett...
3/2/2015IIROC Trading Halt - CFO
1/9/2015Clifton Star Sets Date for Requisitioned Meeting
12/18/2014Clifton Star Resources Reports on Voting Results from 2014 A...
12/17/2014Clifton Star Resources Reports on Voting Results From 2014 A...
12/10/2014Clifton Star Issues Urgent Shareholder Letter
12/9/2014Clifton Star receives $2.76 million in Quebec Tax Credits
12/1/2014Clifton Star does not exercise its Duparquet Option
12/1/2014IIROC Trading Resumption - CFO
12/1/2014IIROC Trading Halt - SED; BFK.P; CFO
11/25/2014Quebec Superior Court rejects Clifton Star’s Safeguard motio...
11/24/2014IIROC Trading Resumption - CFO
11/24/2014Quebec Superior Court Rejects Clifton Star's Safeguard Motio...
11/24/2014IIROC Trading Halt - CFO
10/30/2014Clifton Star Files for a Safeguard Order Regarding the Dupar...
6/3/2014Clifton Star Resources Institutes Legal Proceedings Against ...
4/9/2014Clifton Star Announces Positive Pre-Feasibility Study on the...
10/3/2013Announces That it has Adopted an Advance Notice By-Law
9/4/2013(Duparquet)Intersects 2.25 g/t Au Over 34 m and 1.51 g/t Au Over 39 m, ...
8/21/2013(Duparquet)Intersects 2.46 g/t Au Over 18.5 m and 2.50 g/t Au Over 17.0...
6/28/2013(Duparquet)Announces a Substantial Increase in the Gold Resource at its...
6/19/2013Drills 5.64 g/t Au Over 34.0 m, Including 8.36 g/t Au Over 1...
5/13/2013(Duparquet)Announces Drilling Results from the Duparquet Project Includ...
4/16/2013Grants Stock Options
3/27/2013(Duparquet)Produces High Grade Gold Concentrates From the Duparquet Pro...
2/14/2013(Duparquet)Announces Final 2012 Drilling Results from the Duparquet Pro...
12/3/2012(Duparquet)Announces New Drill Results From the Duparquet Project Inclu...
12/3/2012(Duparquet)Announces New Drill Results From the Duparquet Project Inclu...
12/3/2012(Duparquet)Announces New Drill Results From the Duparquet Project Inclu...
10/23/2012(Duparquet)Announces Exploration Results at Duparquet, Including 1.29 g...
9/17/2012Grants Stock Options
6/13/2011(Duparquet)Announces Updated NI 43-101 Resource Estimate for the Donche...
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