Northstar Gaming Inc. announced that it expects to receive CAD 20 million in funding from Torstar Corporation and other investors
On same date, the company issued 8,040,000 subscription receipts at a price of CAD 0.50 per subscription receipt for gross proceeds of CAD 4,020,000, and 50,000 preferred shares for CAD 100 per preferred share for gross proceeds of CAD 5,000,000 to Torstar Corporation, for aggregate gross proceeds of 9,020,000 in its first tranche.