Business
South Star Announces Upsize of Non-Brokered Private Placement
- 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 Upsize of Non-Brokered Private Placement\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. 07, 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 that, due to significant market demand, the Company has increased the size of its previously announced non-brokered private placement (the “\n \n Offering\n \n ”) of units (the “\n \n Units\n \n ”) from C$6,255,000 to up to C$6,672,000 (US$4,800,000).\n \n\n The upsized Offering will now consist of up to 44,480,000 Units at a price of C$0.15 per Unit. 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 applicable 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 common 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 thirty (30) days’ prior notice to the holders by news release.\n \n\n All other terms of the Offering remain unchanged from those set out in the Company’s news releases dated September 30, 2025, October 10, 2025 and October 31, 2025.\n \n\n The net proceeds from the upsized Offering will be used for exploration and development activities, general and administrative expenses, and working capital. The Offering remains subject to the final approval of the Exchange. All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the applicable date of issuance in accordance with applicable securities laws.\n \n\n To date, the Company has closed two tranches of the Offering for aggregate gross proceeds of approximately C$3.26 million. The Company anticipates closing one or more additional tranches of t...