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Heliostar Announces $4 Million Brokered Private Placement
Heliostar Announces $4 Million Brokered Private Placement Canada NewsWire ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"\n \n \n \n Heliostar Announces $4 Million Brokered 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.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO U.S. PERSONS/\n \n \n \n TSX.V:\n \n \n HSTR\n \n \n \n OTCQX:\n \n \n HSTXF\n \n \n \n \n VANCOUVER, BC\n \n , April 8, 2021 /CNW/ - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FRA: RGG1) (\n \n \"Heliostar\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as lead agent, on behalf of a syndicate of agents including Sprott Capital Partners LP and Haywood Securities Inc. (collectively, the\n \n \"Agents\"\n \n ) for a marketed private placement of up to 3,809,524 units (the\n \n \"Units\"\n \n ) at a price of\n \n $1.05\n \n per Unit for gross proceeds of approximately\n \n $4,000,000\n \n (the\n \n \"Offering\"\n \n ).\n \n \n Each Unit will consist of one common share in the capital of the Company (each a\n \n \"Common Share\"\n \n ) and one half of one common share purchase warrant (each whole warrant a\n \n \"Warrant\"\n \n ).  Each Warrant shall be exercisable for one Common Share at an exercise price of\n \n $1.70\n \n for a period of 12 months following the Closing Date.\n \n \n The Warrants may be accelerated by the Company, at its sole option, at any time after the closing date of the Offering provided that the daily volume-weighted average trading price of the common shares of the Company on the TSX Venture Exchange is greater than or equal to\n \n $2.00\n \n for a period of 15 consecutive trading days, by giving notice to the holders thereof and, in such case, the Warrants will expire at\n \n 4:00pm\n \n (\n \n Toronto\n \n time) the 30th day after the date on which such notice is given by the Company in accordance with the terms of the Warrants.\n \n \n The Company has agreed to grant the Agents an over-allotment...