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South Star Announces Closing of Final Tranche of Private Placement and Announces AGSM Results
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES - VANCOUVE...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Announces Closing of Final Tranche of Private Placement and Announces AGSM Results\n\n\n\n\n\n - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -\n \n\n\n\n VANCOUVER, British Columbia, Nov. 21, 2025 (GLOBE NEWSWIRE) --\n \n South Star Battery Metals Corp.\n \n (“\n \n South Star\n \n ” or the “\n \n Company\n \n ”) (TSXV: STS) (OTCQB: STSBF) is pleased to announce the closing of its third and final tranche of the previously announced non-brokered private placement of units (the “\n \n Unit Offering\n \n ”) and to report the results of its Annual General and Special Meeting (the “\n \n AGSM\n \n ”) held on November 17, 2025 in Vancouver, British Columbia.\n \n\n\n AGSM Highlights\n \n\n\n The Company is pleased to announce that shareholders approved all matters voted on at the AGSM, including:\n \n\n\n the re-election of Marc Leduc, Tiago Cunha, Priscilla Lima and Dan Wilton;\n \n\n the re-appointment of MNP LLP as auditors of the Company;\n \n\n the re-approval of the 10% rolling Omnibus Incentive Plan;\n \n\n and the approval of the creation of a new control person of the Company, being Tiago Sampaio Cunha and his affiliates.\n \n\n\n\n\n\n Closing of Third and Final Tranche\n \n\n\n Further to its news releases dated September 30, 2025, October 10, 2025, October 31, 2025 and November 7, 2025, the Company has closed the third and final tranche of its previously announced Unit Offering, issuing 22,744,253 units (the “\n \n Units\n \n ”) at a price of C$0.15 per Unit for gross proceeds of C$3,411,638 (approximately US$2,454,416).\n \n\n Each Unit consists of one common share (a “\n \n Share\n \n ”) and one common share purchase warrant (a “\n \n Warrant\n \n ”). Each Warrant entitles the holder to acquire one additional Share at a price of C$0.20 per Share for a period of five (5) years from the closing date, subject to acceleration. The expiry date of the Warrants may be accelerated, at the option of the Company, if at any time after four (4) months following the closing date, the closing price of the Company’s Shares on the TSX Venture Exchange (the “\n \n Exchange\n \n ”) is at or above C$0.40 for ten (10) consecutive trading days, provided that the Company gives thirt...