Groundstar Resources Limited (TSXV:GSA) announced a non- brokered private placement of a total of 50,000,000 flow-through shares and common shares each at a price of CAD 0.01 per share for gross proceeds of CAD 500,000 on October 24, 2017. The transaction may be completed in multiple tranches over the next few months, with the initial tranche expected to close on or about October 31, 2017. The common shares and flow-through shares will be issued in the provinces of Alberta, British Columbia, Ontario and such other jurisdictions as the company may determine in its sole discretion. All securities will subject to a statutory hold period of four months and a day from date of closing of each tranche. The private placement is open to all existing shareholders of the company and such other individuals or entities as the company may determine in its sole discretion. The insiders of the company may subscribe for a significant amount in the transaction. The transaction is subject to approval from the TSX Venture Exchange.