RedStar Gold

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Good return on the 200,000 shares of ITH

RedStar Gold

almost 15 years ago

ITH.T

C$ 7.950

+0.110

+1.40%

Dec 02, 2009 15:58:23 EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2009) - Redstar Gold Corp. ("Redstar" or the "Company") (TSX VENTURE:RGC) is pleased to announce the sale of its North Bullfrog property in Nevada to International Tower Hill Mines Ltd. ("ITH"). Under the terms of the sale agreement ITH will pay Redstar $934,000 in cash and shares to earn 100% of Redstar's interest in the property. The payment includes $250,000 in cash and 200,000 ITH shares (at a deemed value of $3.42).