Business
Star Copper Announces Closing of Oversubscribed Flow-Through Share Private Placement
Not for distribution to U.S. newswire services or dissemination in the United States. VANCOUVER, BC / ACCESS Newswire / March 11, 2026 / Star Copper Corp. (the "Company") (CSE:STCU)(OTC:STCUF)(FWB:PP00) is pleased to announce, further to its news ...
About this update from Star Copper Corp.
[{"type":"text","content":"Not for distribution to U.S. newswire services or dissemination in the United States.","length":85,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 11, 2026 / Star Copper Corp. (the "Company") (CSE:STCU)(OTC:STCUF)(FWB:PP00) is pleased to announce, further to its news releases dated February 17 and March 3, 2026, that it has closed its non-brokered private placement for gross proceeds of C$7,306,000 from the sale of 5,844,800 flow-through shares of the Company (each, a "FT Share", and collectively, the "FT Shares") at a price of C$1.25 per FT Share (the "Offering"). Due to investor demand, the Company further upsized the Offering for additional gross proceeds of $1,306,000 from the sale of an additional 1,044,800 FT Shares. The FT Shares were issued as "flow-through shares", as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act").","length":817,"tagName":"p"},{"type":"text","content":"The gross proceeds from the Offering will be used to incur "Canadian exploration expenses" that are "flow-through critical mineral mining expenditures", within the meaning of the Tax Act, on the Company's flagship Star Project in British Columbia. The Company expects the flow-through funds to directly support an aggressive 2026 drill program, including expanded step-out drilling, deeper testing of priority targets, and follow-up drilling guided by ongoing three-dimensional geological modeling and planned deep-penetrating 3D geophysics.","length":565,"tagName":"p"},{"type":"text","content":"The Company paid cash finder's fees in connection with subscriptions to the Offering totaling $420,332.50. All securities issued under the Offering have a hold period of four months and a day from the date of issuance.","length":222,"tagName":"p"},{"type":"text","content":"The Company's private placement of charity flow-through units is ongoing as announced on March 3, 2026.","length":107,"tagName":"p"},{"type":"text","content":"On Behalf of the Board of Directors","length":35,"tagName":"p"},{"type":"text","content":"~Darryl Jones~","length":14,"tagName":"p"},{"type":"text","content":"Darryl JonesCEO, President & DirectorStar Copper Corp.","length":60,"tagName":"p"},{"type":"text","content":"About Star Copper Corp....