Business
Star Copper Announces Completion of $4 Million LIFE Offering
VANCOUVER, BC / ACCESS Newswire / August 20, 2025 / Star Copper Corp. (the "Company") (CSE:STCU)(OTC:STCUF)(FWB:SOP) is pleased to announce that, further to its previous news releases dated July 16, 2025 and July 28, 2025, it completed a non-brokered ...
About this update from Star Copper Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / August 20, 2025 / Star Copper Corp. (the "Company") (CSE:STCU)(OTC:STCUF)(FWB:SOP) is pleased to announce that, further to its previous news releases dated July 16, 2025 and July 28, 2025, it completed a non-brokered private placement for gross proceeds of C$3,999,999 from the sale of 2,666,666 "flow-through" units of the Company (each, an "FTUnit", and collectively, the "FT Units") at a price of C$1.50 per FT Unit (the "LIFE Offering") under the Listed Issuer Financing Exemption (as defined herein).","length":589,"tagName":"p"},{"type":"text","content":"Each FT Unit consists of one "flow-through" common share (each, an "FT Share" and collectively, the "FT Shares") and one "flow-through" common share purchase warrant (each an "FT Warrant" and collectively, the "FT Warrants"), issued as "flow-through shares", as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"). Each FT Warrant is exercisable to acquire one common share (each a "Warrant Share", and collectively, the "Warrant Shares") at a price of $1.60 per Warrant Share for a period of 24 months from the date hereof (the "Closing Date"). The Warrant Shares underlying the FT Units will not qualify as "flow-through shares" under the Tax Act. The FT Warrants to be issued pursuant to the LIFE Offering will not be listed for trading on any stock exchange.","length":906,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering was made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the LIFE Offering pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions in accordance with applicable Canadian securities laws. There is an amended and restated offering document dated July 28, 2025 (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's issuer...