Business
Glenstar Minerals Inc. Announces Upsized $3 Million Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Glenstar Minerals Inc. (CSE: GSTR) ("Glenstar" or the "Company") is pleased to announce that as a result of strong investor demand, the Company and Hampton Securities Limited (the "Agent") have amended their agreement to increase the size of the Company's previously announced commercially reasonable efforts private placement of units of the Company (the "Units") to raise proceeds of up to $3,060,000 (the "Offering") consisting of
About this update from Glenstar Minerals Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Glenstar Minerals Inc. (CSE: GSTR) ("Glenstar" or the "Company") is pleased to announce that as a result of strong investor demand, the Company and Hampton Securities Limited (the "Agent") have amended their agreement to increase the size of the Company's previously announced commercially reasonable efforts private placement of units of the Company (the "Units") to raise proceeds of up to $3,060,000 (the "Offering") consisting of 4,500,000 Units at a price of $0.68 per Unit (the "Offering Price"). Each Unit will consist of one (1) common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"), with each Warrant exercisable to purchase one (1) additional Common Share (a "Warrant Share") at a price of $0.85 per Warrant Share for a period of twenty-four (24) months following closing of the Offering.","length":1013,"tagName":"p"},{"type":"text","content":"The additional funds will allow the Company to increase and accelerate its drilling program at the Green Monster Property.","length":122,"tagName":"p"},{"type":"text","content":"The Company has also granted the Agent an increased option (the "Agent's Option"), exercisable in whole or in part up to 48 hours prior to the closing date of the Offering, to sell up to an additional 675,000 Units at the Offering Price for additional gross proceeds of up to $459,000.","length":299,"tagName":"p"},{"type":"text","content":"Due to an error in the original offering document, the Company has amended the price of the Compensation Options, previously announced on August 18, 2025, to be adjusted from $0.85 per Compensation Option to $0.68 per Compensation Option, to make the price consistent with the Offering Price. Each Compensation Option will entitle the holder thereof to acquire one Common Share at a price of $0.68 per Common Share for a period of twenty-four (24) months following closing of the Offering.","length":489,"tagName":"p"},{"type":"text","content":"The Units will be offered pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exempt...