South Star Battery Metals Completes $3M Private Placement

South Star Battery Metals Corp. has concluded the final tranche of its enhanced non-brokered private placement, raising gross proceeds of $879,449.45. Together with previous tranches, the total funds reach $3 million. These funds will support exploration, development, production, and general corporate purposes.

The third tranche involved the issuance of 2,045,231 Units, each comprising one common share and a warrant. The warrants are exercisable into one share at $0.89 for five years, subject to an acceleration clause. The completion is contingent upon customary approvals, including from the TSX Venture Exchange.

Company insiders participated, constituting a related party transaction as per regulatory guidelines. Additionally, A8 Capital Advisors received finder's fees and shares. Units issued are subject to a four-month holding period.