Business
Dark Star Minerals Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2024) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the "Company" or "Dark Star") is pleased to
About this update from Dark Star Minerals, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 26, 2024) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the \"Company\" or \"Dark Star\") is pleased to announce that it is undertaking a non-brokered private placement financing (the \"Offering\") of up to $500,000, consisting of the issuance of 10,000,000 units (each, a \"Unit\") of the Company at a price of $0.05 per Unit. Each Unit will be comprised of one common share (each, a \"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Share (each, a \"Warrant Share\") at a price of $0.075 per Warrant Share for a period of two years following closing. Insiders may participate in the Offering. Finder's fees may be paid in connection with the Offering. Proceeds of the Offering will be used for exploration of the Company's current properties and for general working capital. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Dark Star Minerals Inc. Dark Star Minerals Inc. is a mineral exploration company focused on the acquisition and development of critical mineral resources. For further information please contact: Marc Branson - President, Chief Executive Officer and DirectorE‐mail: [email protected]: 604‐816‐2555 Forward‐Looking Statements: This news release includes certain \"forward-looking statements\" under ap...