- Lodestar Battery Metals Corp. (LSTR) has announced a non-brokered flow-through private placement financing
- The company will issue 4,000,000 units at a price of $0.10 per unit for total proceeds of $400,000
- Lodestar Battery Metals Corp. is a Canadian mining exploration company focused on the battery metals space
- Lodestar Battery Metals Corp. opened trading at $0.11
Lodestar Battery Metals Corp. (LSTR) has announced a non-brokered flow-through private placement financing.
The company will issue 4,000,000 units at a price of $0.10 per unit for total proceeds of $400,000.
“We are thankful for the support of our investors as we continue to advance the geochemical and geophysical work on our flagship Peny Project in Snow Lake, Manitoba,” stated Lowell Kamin, CEO of Lodestar.
“We believe raising the capital we need to execute on our strategic growth without depleting our treasury will ultimately drive long-term value creation for our shareholders,” he added.
Each unit will consist of one flow-through common share; and one-half of one common share purchase warrant.
Each warrant will entitle the holder to purchase a common share at an exercise price of $0.15 for a period of three years from the date of issue.
The securities under the offering will be subject to a statutory four-month hold period.
Lodestar Battery Metals Corp. is a Canadian mining exploration company focused on the battery metals space.
Lodestar Battery Metals Corp. opened trading at $0.11.