- Heliostar Metals (HSTR) has announced a non-brokered private placement for gross proceeds of up to approximately $16,280,000
- Heliostar will issue up to 74,000,000 units at a price of C$0.22 per unit
- The offering is scheduled to close on February 24th
- Net proceeds will be used primarily to acquire and advance the Ana Paula development stage gold project
- Heliostar is an exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico
- Heliostar Metals Ltd. (HSTR) opened trading at C$0.24
Heliostar Metals (HSTR) has announced a non-brokered private placement for gross proceeds of up to approximately $16,280,000.
Under the offering, Heliostar will issue up to 74,000,000 units at a price of C$0.22 per unit. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.30 for a period of three years.
Net proceeds will be used to acquire and advance the Ana Paula development stage gold project, as well as for working capital and general corporate purposes.
Finder fees consisting of cash and non-transferable broker warrants may be paid to eligible finders.
All securities issued are subject to a statutory four-month hold period.
The offering is scheduled to close on February 24th and is subject to the receipt of all necessary approvals.
Heliostar is a junior mining company with a portfolio of advanced high-grade gold projects in Mexico and Alaska.
Heliostar Metals Ltd. (HSTR) opened trading at C$0.24.
