rStar Corp. Cites May 2001 $45 Million Boost to Equity; Additional Items to be Reviewed at Pending Nasdaq Hearing.

Publication: Business Wire

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COPYRIGHT 2001 Business Wire

Business Editors

SAN RAMON, Calif.--(BUSINESS WIRE)--July 31, 2001

rStar Corp. (Nasdaq:RSTR) today announced that, as previously described by the company in its May 23, 2001 Form 8-K filed with the Securities and Exchange Commission, on May 21, 2001 the company issued 19,396,552 shares of rStar common stock, at a fair price valuation of $2.32 per share, in exchange for full satisfaction of the company's $45 million in capital lease obligations and other accrued liabilities to Spacenet Inc., a subsidiary of Gilat Satellite Networks Ltd.

The...

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