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Star Copper Announces Closing of C$1.25M Second Tranche of Flow Through Private Placement
VANCOUVER, BC / ACCESS Newswire / June 16, 2025 / Star Copper Corp. (the "Company" or "Star Copper") (CSE:STCU)(OTC:STCUF)(FWB:SOP) is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of its previously announced ...
About this update from Star Copper Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / June 16, 2025 / Star Copper Corp. (the "Company" or "Star Copper") (CSE:STCU)(OTC:STCUF)(FWB:SOP) is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of its previously announced and ongoing non-brokered private placement (the "Offering"), pursuant to which the Company raised aggregate gross proceeds of C$1,250,310.39.","length":435,"tagName":"p"},{"type":"text","content":"Under the Second Tranche of the Company's ongoing offering of flow-through common shares in the authorized capital of the Company (each, an "FT Share") at a price of C$0.57 per FT Share (the "FTOffering"), Star Copper issued 2,193,527 FT Shares for gross proceeds of C$1,250,310.39 to subscribers pursuant to prospectus exemptions available to the Company under National Instrument 45-106 - Prospectus Exemptions. The FT Shares are issued as a "flow-through shares" (as such term is defined in subsection 66(15) of the Income Tax Act (Canada)).","length":578,"tagName":"p"},{"type":"text","content":"As previously announced, the Company intends to use the gross proceeds of the FT Shares to advance the Company's British Columbian flagship Star Project, and for other eligible exploration expenditures. Please refer to the Company's February 26, 2025 technical report in respect of the Star Project, available under its issuer profile at www.sedarplus.ca, for more information about the Star Project.","length":408,"tagName":"p"},{"type":"text","content":"In connection with the Second Tranche of the FT Offering, the Company paid certain finders a fee consisting of (a) cash commissions equal to 7% of certain subscriptions under the FT Offering, and (b) non-transferable Warrants (the "Finder's Warrants") equal to 7% of certain subscriptions under the FT Offering. The Finder's Warrants are exercisable at C$0.75 per Common Share for a period of 12 months from the date of issuance.","length":447,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the FT Offering are subject to a statutory hold period of four months and one day from the date of issuance.","length":149,"tagName":"p"},{"type":"text","content":"This news release does not constitute an offer to sell or a solicitation ...