SUV Navis Resources Corp

Star Minerals Group Ltd. (CSE:SUV) ("Star") is pleased to announce that it
intends to complete a non-brokered private placement offering of units ("Units")
at a price of $0.30 per Unit for aggregate gross proceeds of up to $400,000 (the
"Offering"). Each Unit will be comprised of two (2) common shares in the share
capital of the Company ("Common Shares") issued on a "flow through" basis, as
defined in the Income Tax Act (Canada) (the "Flow Through Shares"), three (3)
non-flow through Common Shares (the "Non-Flow Through Shares") and two (2)
Common Share purchase warrants (the "Warrants"). The Offering will be completed
on July 31, 2014. Each Warrant will be exercisable for a period of two (2) years
from the date of issuance at an exercise price of $0.10.


The proceeds of the Offering attributable to the sale of the Flow Through Shares
will be used to fund expenditures on Star's existing mineral properties. The
proceeds of the Offering attributable to the sale of the Non-Flow Through Shares
will be used for general working capital.


A finder's fee based on the gross proceeds of the Offering may be paid in the
amount of 6% payable in cash and 6% in broker warrants equal to the warrants
issued.


All securities issued pursuant to the Offering will be subject to a statutory
hold period expiring four months after the date of the issuance of the
securities. The Offering is subject to regulatory approval.


About Star Minerals Group Ltd.

Star is a Saskatoon-based, diversified exploration stage company, with a primary
focus on strategic technology metals, and its advanced joint venture rare earth
project Hoidas Lake. To advance exploration, the Company has leveraged the
strength and experience of its management, board of directors and advisors to
identify and acquire strategic investments that have the capability to generate
cash flow with low capital expenditure costs.


The Company entered into a joint venture in an advanced rare earth project in
Saskatchewan - Hoidas Lake. Star also holds a strategic gold exploration
property in the Seabee gold mining district, diamond properties in the Fort a la
Corne region as well as base metal and uranium properties.


STAR TRADES ON THE CSE UNDER THE SYMBOL "SUV".

For more information, please visit our website at www.starminerals.ca.

Forward-Looking Statements

This news release contains certain statements which constitute forward-looking
statements or information. Such forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond Star's control,
including the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, competition from other
industry participants, stock market volatility and the ability to access
sufficient capital from internal and external sources. Although Star believes
that the expectations in its forward-looking statements are reasonable, they are
based on factors and assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently available
information. Such statements are subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking information. As such, readers are
cautioned not to place undue reliance on the forward-looking information, as no
assurance can be provided as to future results, levels of activity or
achievements. Other factors that could materially affect such forward-looking
statements are described in the risk factors in the most recent management's
discussion and analysis that is available on the Company's profile on SEDAR at
www.sedar.com. Readers are cautioned that the foregoing list of factors is not
exhaustive. The forward-looking statements contained in this document are made
as of the date of this document and, except as required by applicable law, Star
does not undertake any obligation to publicly update or to revise any of the
included forward-looking statements, whether as a result of new information,
future events or otherwise. This cautionary statement expressly qualifies the
forward-looking statements contained in this document.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Star Minerals Group Ltd.
Jim Engdahl
Phone: 306-664-3828
Facsimile: 306-244-0042
www.starminerals.ca
Email: info@starminerals.ca

Navis Resources (CSE:SUV)
Historical Stock Chart
Von Jul 2024 bis Aug 2024

Navis Resources (CSE:SUV)
Historical Stock Chart
Von Aug 2023 bis Aug 2024