Business
Stardust Solar Energy Inc. Announces Closing of Non-Brokered Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - Stardust Solar Energy Inc. ( TSX...
About this update from Stardust Solar Energy Inc.
[{"type":"text","content":"Stardust Solar Energy Inc. Announces Closing of Non-Brokered Private Placement of UnitsVancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (\"Stardust Solar\" or the \"Company\"), a leading provider of residential solar energy solutions, is pleased to announce the closing of its non-brokered private placement offering (the \"Offering\"), as previously disclosed in the Company's news release dated March 25, 2025. In connection with the Offering, the Company issued 3,410,000 units (the \"Units\") at a price of $0.125 per Unit, generating aggregate gross proceeds of approximately $426,250.00.Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each whole Warrant entitles the holder to acquire one additional common share at an exercise price of $0.25 per share for a period of 18 months from the date of issuance.In connection with the Offering, the Company paid finder's fees in the amount of $27,887.50 and issued 223,100 finder's warrants. Each finder's warrant entitles the holder to acquire one common share at an exercise price of $0.25 per share for a period of 18 months from the date of issuance, under the same terms as the Warrants issued pursuant to the Offering.The Company intends to use the net proceeds of the Offering for operational expenses and other general corporate purposes, including increasing investor awareness, investor relations and marketing expenses.All securities issued in connection with the Offering are subject to a statutory hold period of four months plus one day in accordance with Canadian securities legislation. The Offering remains subject to final approval by the TSX Venture Exchange.About Stardust SolarStardust is a North American franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. Stardust lends its brand and business management services to entrepreneurs looking to enter the renewable energy industry. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, Stardust supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, Stardust s...