Le Lézard
Classified in: Mining industry, Business
Subject: FINANCING AGREEMENTS

Goldstar Minerals Update on the Private Placement


MONTRÉAL, July 17, 2023 (GLOBE NEWSWIRE) -- Goldstar Minerals Inc. ("Goldstar" or the "Corporation") (TSX-V: GDM) soon to be GMI, provides an update on the private placement announced in its press releases of May 11, and May 19, 2023.

The Corporation is proceeding with its non-brokered private placement for $550,000 consisting of 9,166,666 units, at a price of CDN $0.06 per unit. Each unit consists of one common share and one purchase warrant where each warrant shall entitle the holder thereof to subscribe for one additional common share at an exercise price of CDN $0.12 at any time until two years after closing.

The private placement use of proceeds will be for general working capital and will be used to pay transaction expenses, salaries, trade payables and exploration expenses to be incurred on the Corporation's projects.

Following the closing of the private placement, the Corporation will confirm the acquisition of the IMV project as disclosed in the May 11, 2023 press release.

Closing is subject to regulatory approval.

 Web NewsletterFacebook YouTube LinkedIn
     

For further information, please contact:
David Crevier
Chairman
Telephone: 514-949-6820
[email protected]

André Gagné
CEO of Green Mining Innovation
Telephone : 581-983-6815
[email protected]



These press releases may also interest you

at 14:05
EQB Inc. will report its first quarter fiscal 2025 financial results after market close on February 25, 2025, and will host an earnings conference call on February 26, 2025, at 8:00 a.m. ET....

at 14:00
McShane Construction Company's Southeast regional team was selected to build a 461-unit multi-family community in Greenville, South Carolina, for repeat client Flournoy Development Group. "This project represents an exciting opportunity to deliver...

at 14:00
Jack Henrytm is pleased to announce that Azura Credit Union has selected Jack Henry's Symitar® open technology platform to deliver modern services to local communities and drive future growth....

at 13:50
CareTrust REIT, Inc. announced today that it plans to release its fourth quarter and full year 2024 financial results after the U.S. markets close on Wednesday, February 12, 2025. Representatives of CareTrust REIT's management team will host a...

at 13:49
Gloo, the technology platform connecting the faith ecosystem, announced the launch of Gloo Open, its new open source artificial intelligence initiative, which underscores a growing trend toward transparency and collaboration in AI. The initiative...

at 13:48
The Dräger Group, a global leader in the field of safety technology, has today announced plans to significantly expand its UK rental...



News published on and distributed by: