ASTRA EXPLORATION INC. ANNOUNCES C$5.0M PRIVATE PLACEMENT

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[{"type":"text","content":"\n\n\n\n ASTRA EXPLORATION INC. ANNOUNCES C$5.0M PRIVATE PLACEMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . NOT AN OFFER OF SECURITIES FOR SALE IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 29, 2025\n \n\n /CNW/ - Astra Exploration Inc. (\"\n \n Astra\n \n \" or the \"\n \n Company\n \n \") (TSXV: ASTR) (OTCQB: ATEPF) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (\"\n \n Cormark\n \n \"), on behalf of itself and on behalf of a syndicate investment dealers, (collectively, the \"\n \n Underwriters\n \n \") pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 8,065,000 shares of the Company (the \"\n \n Shares\n \n \") at a price of\n \n C$0.62\n \n per Share (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds of\n \n C$5,000,300\n \n (the \"\n \n Offering\n \n \").\n \n\n The Company has granted the Underwriters an option, exercisable in whole or in part, at any time prior to Closing Date (as defined below), to purchaser an additional 3,226,000 Shares at the Issue Price for additional gross proceeds of up to\n \n C$2,000,120\n \n .\n \n\n The Company intends to use net proceeds from the Offering for exploration expenditures on the La Manchuria project and for general working capital purposes as described in the Offering Document (as defined below).\n \n\n The Company is conducting a listed issuer financing pursuant to Section Part 5A.2 of National Instrument 45-106\n \n Prospectus Exemptions\n \n , as amended by Coordinated Blanket Order 45-935 –\n \n Exemptions from Certain Conditions of the Listed Issuer Financing Exemption\n \n (the \"\n \n Listed Issuer Financing Exemption\n \n \"). to purchasers in\n \n Canada\n \n (other than the province of\n \n Quebec\n \n ). The Underwriters will also be entitled to offer the Shares for s...

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