AuStar Gold has received binding commitments for a Placement of...

AuStar Gold has received binding commitments for a Placement of 1,222,222,222 shares at 0.45 cents pershare to raise $5.5 million to new professional and sophisticated investors from Australia and overseas. Theraising was strongly supported and the placement closed over-subscribed, requiring scaling back of interestfrom some participants.

so to tell that some dude from London put $5.5M into this co is a blatant lie...

IF he'd done it, he'd got at least 1billion shares which therefore would have triggered a substantial holding notice - none came forward...

As usual the rara squad tries to pull wool over your eyes...