CryptoStar Corp. Renews Line of Credit

TORONTO, Jan. 3, 2023 /CNW/ - CryptoStar Corp. (TSXV:CSTR.VN) (OTC-BB:CSTXF) ("CryptoStar" or the "Company"), a cryptocurrency mining and data centre operator, is pleased to announce that it has renewed its line of credit (the "Line of Credit") with ACN 117 402 838 PTY LTD ("ACN") for a further 54-month term ending in June 2026. The Line of Credit is a revolving credit facility available to fund general corporate purposes with a maximum principal amount of approximately USD$1.77 million. The Line of Credit bears interest at a rate of 12% per annum, payable monthly in arrears, together with a minimum monthly repayment of principal amount outstanding of USD$32,776.73. As consideration for renewing the Line of Credit, the Company repaid USD$196,660.37 of the principal amount outstanding of approximately USD$1.97 million under the previous Line of Credit today.