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Stardust Solar Closes Second and Final Tranche of Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Stardust Solar Energy Inc. (T...
About this update from Stardust Solar Energy Inc.
[{"type":"text","content":"Stardust Solar Closes Second and Final Tranche of Private Placement of UnitsVancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (\"Stardust Solar\" or the \"Company\"), a leading provider of residential solar energy solutions announces, further to its news releases of October 31, 2025, and November 12, 2025, that on November 28, 2025, the Company completed the second and final tranche (the \"Second Tranche\") of its previously announced non-brokered private placement of units (the \"Offering\"). Pursuant to the Second Tranche, the Company issued 4,170,000 units of the Company (the \"Units\") at $0.10 per Unit for gross proceeds of $417,000.00. The Company has raised a total of $927,500.00 under the Offering.Each Unit will consist of one common share in the capital of the Company (a \"Share\") and one transferrable common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.15 for a period of 18 months from the closing of the Offering.In connection with the Second Tranche, the Company paid finder's fees to eligible finders consisting of $19,040.00 in cash and 190,400 common share purchase warrants (the \"Finder's Warrants\"). Each Finders' Warrant will entitle the holder to acquire one Share at a price of $0.15 per Share for a period of 18 months from the date of issuance, all in accordance with the policies of the TSX Venture Exchange (\"TSX-V\").The Company intends to use the net proceeds of the Offering to help expand the Company's operations, as well as for general and administrative, marketing and working capital purposes. All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX-V.Insiders of the Company participated in the Second Tranche for $25,000. The issuance of Units to insiders is considered a \"related party transaction\" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requ...