South Star Battery Metals Announces Closing of a Non-Brokered Private Placement
VANCOUVER, BC, Jan. 10, 2023 /PRNewswire/ - South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed a non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$230,166.
- VANCOUVER, BC, Jan. 10, 2023 /PRNewswire/ - South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed a non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$230,166.
- Net proceeds from the Private Placement will be used for exploration, development, Phase 1 construction activities, corporate G&A and general working capital requirements.
- Richard Pearce, CEO of South Star, said, "We have successfully partnered with strong, long-term institutional investors familiar with Brazil, mineral resources and battery metals sector.
- In connection with the Private Placement, the Company issued an aggregate amount of 8,685 brokers' warrants in connection with the Private Placement and paid $13,810 in cash finders' fees to certain finders.