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HELIOSTAR METALS ANNOUNCES $12 MILLION BOUGHT DEAL EQUITY FINANCING
HELIOSTAR METALS ANNOUNCES $12 MILLION BOUGHT DEAL EQUITY FINANCING Canada NewsWire ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"\n\n\n\n HELIOSTAR METALS ANNOUNCES $12 MILLION BOUGHT DEAL EQUITY FINANCING\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\n The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 19, 2025\n \n\n /CNW/ -\n \n Heliostar Metals Ltd.\n \n (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 Cormark Securities Inc. and Velocity Trade Capital Ltd. as co-lead underwriters on behalf of a syndicate of underwriters (collectively the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase on a bought deal basis 12,000,000 common shares of the Company (the \"\n \n Shares\n \n \") at a price of\n \n C$1.00\n \n per Share (the \"\n \n Offering Price\n \n \"), representing total gross proceeds of\n \n C$12,000,000\n \n (the \"\n \n Offering\n \n \").\n \n\n The Company has also granted the Underwriters an option (the \"\n \n Over-Allotment Option\n \n \"), exercisable at the Offering Price for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, on the same terms as the Offering. Closing is expected on or about\n \n March 28, 2025\n \n (the \"\n \n Closing Date\n \n \"), and is subject to regulatory approval including that of the TSX Venture Exchange. In the event that the Over Allotment Option is exercised in full, the total gross proceeds of the Offering will be\n \n $13,800,000\n \n .\n \n\n The net proceeds of the Offering will be used for the development of the Company's projects in\n \n Mexico\n \n , including drilling at Ana Paula...