These five operating mines are gold producing now, but production will substantially increase with the added cash we plan to invest and the use of our Genesis ore extraction process. Production costs will be considerably lower and gold recovery will increase dramatically. The cost of this acquisition, including working capital, is $7,500,000 in cash and restricted stock of STAR.
Richard Carey, Chairman and CEO of Star Alliance International, commented, "This acquisition is a major step forward in the growth of our Company. From January 1, 2022 forward, we will be consolidating the financials of Commsa and generating revenue from the operating mines. Our fantastic acquisition team has worked tirelessly to make this transaction happen. We are looking forward to 2022. Keep watching, more news will be released as it becomes available."
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett
Recent STAL News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:46:46 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 09:20:05 PM
- Form 8-A12G - Registration of securities [Section 12(g)] • Edgar (US Regulatory) • 12/05/2023 07:36:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 12:48:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:29:03 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 06:02:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 11:53:37 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:38:24 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/29/2023 02:15:01 PM
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