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Stellar Resources, Ltd. (fka SRRL) RSS Feed

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SRRL    Stellar Resources, Ltd. OTCQB


http://www.stellarltd.com/
We can learn from the filings that an acquisition is coming in the coming days, they are currently in the final DD stages of the process, and that the insiders have been loading up on shares above .10, .15, .20 and even some at .30. This is going to those prices, for sure. 

The chart looks very similar to other "promo runners" that have hit highs as high as $1.50.... 

http://www.otcmarkets.com/stock/SRRL/financials 
Shares issued and outstanding
69,531,351 as of Oct 28/11
200 Million A/S 


The total number of shares of Common Stock, par value $0.001 per share, outstanding as of June 17, 2011, is 39,344,051. 

Then add in the 30 million issued to the President. 

From the latest 10-Q 
SHARE SUBSCRIPTION/Private Placement AGREEMENTS- 
All above .15, we know we are at least guaranteed .15 here based on this alone. 
On November 19, 2010, the Company accepted a share subscription for 45,833 common shares at $0.30 per share for aggregate proceeds of $13,750. 
On February 11, 2011 the Company accepted a share subscription for 101,215 common shares at $0.20 for aggregate proceeds of $20,243. The Company paid a finders fee of $1,026 in relation to this financing. 
On July 7, 2010 we entered into a private placement with Elk Hills Petroleum Canada and sold 5,000,000 of its common shares at US $.175 per share for net proceeds of $875,000. 

July 8k says this: 
July 14 th , 2010, - Stellar Resources, Ltd. (the "Company") announced the acquisition of ZeroGap technology from its President Mr. Ray Jefferd. The Company has acquired all right, title and interest to the ZeroGap intellectual property, free of any encumbrances or royalties from Mr. Jefferd. 
The purchase price for the acquisition is $3,000,000 which the company has satisfied by the issuance of 30,000,000 of its restricted common shares to Mr. Jefferd. 

That comes out to .10 per share! 

FORM 4 filing confirming this share transfer: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8071552 

OCTOBER 3, 2011 8k- ACQUISITION COMING 

September 26 th , 2011, - Stellar Resources Ltd., (the "Company") announced that it has entered into a binding agreement, subject to due diligence, to acquire 100% of American Microbial Labs. 

Stellar is planning to acquire this technology as part of its ongoing strategic plan to be in the business of acquiring and developing technologies that have a high profit impact in the Oil and Gas industry. 

The application of this technology is suitable for cleaning produced water generated from the recovery of Oil and Gas wells as well as oil spills located both on land and in water. 

The Corporation is currently working to satisfy all of its due diligence requirements regarding this transaction. 

Transfer Agent
PACIFIC STOCK TRANSFER COMPANY 
4045 South Spencer Street, Suite 403 
Las Vegas, NV 89119 
Tel: (702) 361-3033 
Fax: (702) 433-1979

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