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Lodestar Metals Announces $500,000 Private Placement, Strategic Share Consolidation and Strengthened Leadership Team
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Lodestar Metals Corp . ...
About this update from Lodestar Metals Corp.
[{"type":"text","content":"Lodestar Metals Announces $500,000 Private Placement, Strategic Share Consolidation and Strengthened Leadership TeamVancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) (\"Lodestar\" or the \"Company\"), a junior exploration company unlocking world class gold potential in Nevada, is pleased to announce a non-brokered private placement of up to 6,666,666 post-Consolidation units (each a \"Post-Consolidation Unit\") at a price of C$0.075 per Post-Consolidation Unit for gross proceeds of up to $500,000 (the \"Offering\"). Lowell Kamin, CEO of Lodestar, commented: \"This transaction represents a significant step forward as Lodestar positions itself to unlock the vast potential of Nevada's precious metals. The $500K financing strengthens our balance sheet and gives investors a rare opportunity to participate at the very beginning of an exciting discovery story. By consolidating our shares, we are tightening the capital structure and creating the foundation to attract long-term, high-quality investors who share our vision. At the same time, we continue to elevate our leadership with the appointment of Randene Seeman to the Board and Doug Engdahl as a Strategic Advisor, adding depth and expertise to our already strong team. Lodestar is entering this next phase with discipline, momentum, and a clear focus on building value - and this is only the beginning.\"Each Post-Consolidation Unit will consist of one (1) post-Consolidation common share of the Company (each a \"Post-Consolidation Share\") and one-half of one (1/2) share purchase warrant (each whole share purchase warrant, a \"Unit Warrant\"), with each Unit Warrant entitling the holder to purchase one additional Post-Consolidation Common Share (a \"Unit Warrant Share\") at a price of $0.12 per Unit Warrant Share for a period of two years from the date of issue (the \"Expiry Date\"). The Company has the right to accelerate the Expiry Date if, at any time, the volume weighted average price of the Post-Consolidation Common Shares on the principal exchange or market on which the Post-Consolidation Common Shares trade is equal to or greater than $0.15 for 10 consecutive trading days (\"10-Day Period\"). In the event of acceleration, the Expiry Date will be accelerated to a date that is 30 days after the Company i...