- South Star Battery Metals Corp. (STS) has completed a non-brokered private placement for total proceeds of $1,906,990
- The company issued 3,467,254 units priced at C$0.55 per unit
- South Star Battery Metals is a Canadian battery-metals project developer
- South Star Battery Metals Corp. (STS) opened trading at C$0.54 per share
South Star Battery Metals Corp. (STS) has completed its previously announced non-brokered private placement for total proceeds of $1,906,990.
The company issued 3,467,254 units priced at C$0.55 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of C$1.25 for a period of five years.
Net proceeds will be used for advanced materials sample preparation, commercial agreements, project finance and general working capital requirements.
The securities are subject to a four-month hold period from the date of closing and approval by the TSXV, expiring October 24, 2022.
South Star issued a total of 1,636 finders’ warrants and $54,300 in cash in connection with the offering.
South Star Battery Metals is a Canadian battery-metals project developer focused on acquiring and developing near-term projects in the Americas.
South Star Battery Metals Corp. (STS) opened trading at C$0.54 per share.
