South Star Battery Metals Announces Repricing Warrant of Non-Brokered Private Placement

About this update from South Star Battery Metals Corp

[{"type":"text","content":"South Star Battery Metals Announces Repricing Warrant of Non-Brokered Private Placement\n\n\n\n VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) --\n \n\n\n\n South Star Battery Metals Corp.\n \n\n (“\n \n South Star\n \n ” or the “\n \n Company\n \n ”) (TSXV:\n \n STS\n \n ) (OTCQB:\n \n STSB\n \n F), is pleased to announce that it intends to reprice the warrant of the\n \n previously announced non-brokered private placement\n \n (the “Private Placement”) at a unit price of US$0.22 (C$0.3019) per Unit for gross proceeds of up to US$2,000,000 (C$2,744,600). Each Unit will consist of one (1) common share (a “Common Share”) and one (1) common share purchase warrant (a “Warrant”), with each Warrant entitling the holder to acquire one Common Share at an exercise price of US$0.22 (C$0.3019) for a period of five (5) years following the date of issuance.\n \n\n Closing of the Private Placement is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “TSXV”). Proceeds from the Private Placement will be used for exploration, development, corporate G&A and general working capital requirements.\n \n\n The Company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the TSXV. The securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Company may, in its sole discretion, exercise an over-allotment option pursuant to which it may increase the size of the Private Placement by up to 15%.\n \n\n Insiders may participate in the Private Placement including subscriptions from related parties of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The participation of insiders in the Private Placement is expected to be exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, will not exceed 25% of the Company's market capitalization.\n \n\n The Warrants will include an accel...

More updates from South Star Battery Metals Corp