|By Marketwired .||
|December 13, 2013 09:30 AM EST|
TORONTO, ONTARIO -- (Marketwired) -- 12/13/13 -- Mr. S. Donald Moore is pleased to announce that he has acquired, indirectly, a total of 939,304 common shares (the "Common Shares") in the capital of Starrex Mining Corporation Ltd. ("Starrex") (at a deemed price of $0.25 per Common Shares) through the conversion of an aggregate amount of $234,826 of debt owed by Starrex to one company controlled by him (together with Mr. Moore or any one of them individually, the "Offeror").
As a result of this acquisition, the Offeror now owns or controls 2,155,861 Common Shares representing approximately 26.56% of the issued and outstanding Common Shares.
The Offeror has acquired the securities for investment purposes and has no present intention of acquiring additional securities of Starrex. Depending upon his evaluation of the business, prospects and financial condition of Starrex, the market for Starrex's securities, general economic and tax conditions and other factors, the Offeror may acquire more or sell some or all of his securities of Starrex.
Starrex Mining Corporation Ltd.
Mr. S. Donald Moore
3080 Yonge Street, Suite 5004
Toronto, Ontario M4N 3N1