Does look good!!!
From the News release as well.
"This gives the Company the control to minimize dilution and finance projects on an ongoing basis, while taking advantage of an increasing share price. This instrument will be effective for Petrostar due to the Company's low overhead and minimal operating expenses."
"We are committed to minimizing overall dilution and maximizing the long term value of Petrostar Petroleum Corp. Proceeds will be used for the development and obligations of the Modular Refining properties and assets."