Silverstar Mining Corp. announced that it has received $15,000 in funding from Elco Securities Ltd. on June 8, 2012. The company issued demand promissory note in the transaction.

On October 2, 2012, the company received additional $7,500 in funding from the same lender.

On January 25, 2013, Silverstar Mining Corp. closed the transaction. The company received additional proceeds of $10,000 in the transaction. The company received gross proceeds of $32,500 in the transaction.