Polar Star Mining Corporation (TSX:PSR) announced that they have completed a non-brokered private placement for gross proceeds of $3,108,560.

As quoted in the press release:

Proceeds of the Private Placement will be used to finance exploration and development programs and for general corporate purposes. The Common Shares issued under the Private Placement are subject to a four month hold period in Canada from their date of issue.

To view the whole press release, click here.