Weststar Resources Corp. (TSXV:WER) announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.035 per unit for gross proceeds of CAD 350,000 on January 3, 2013. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable into one additional common share at CAD 0.07 per share in the first year and CAD 0.10 per share in the second year. Finders' fees may be payable under the financing. All securities to be issued will be subject to a four-month statutory hold period. Completion of the transaction is subject to exchange approval.

On January 10, 2013, the company announced that TSX Venture Exchange has granted conditional approval for the transaction and reduced the size of the transaction. The company will now issue 8,000,000 units for gross proceeds of CAD 280,000.