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Starr Peak Announces Closing of $2,650,000 Financing
Starr Peak Announces Closing of $2,650,000 Financing Canada NewsWire VANCOU...
About this update from Starr Peak Mining Ltd
[{"type":"text","content":"\n \n \n \n Starr Peak Announces Closing of $2,650,000 Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 12, 2020\n \n \n \n \n VANCOUVER, BC,\n \n Nov. 12, 2020\n \n /CNW/ -\n \n Starr Peak Exploration Ltd. (\"Starr Peak\"\n \n or the\n \n \"Company\")\n \n (TSX-V: STE) (OTC: STRPF) is pleased to announce that it has closed its previously announced private placement of Flow-Through Units at\n \n $2.00\n \n per Unit. The Company has issued 1,325,000 Units at\n \n $2.00\n \n per Unit for gross proceeds of\n \n $2,650,000\n \n . Each Unit consists of one flow-through common share and one-half of one share purchase warrant, with each whole share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of\n \n $2.50\n \n per share for a period of 18 months from closing.\n \n \n \n \n \n \n \n \n \n In connection with the closing, the Company paid a finder's fee of 6% cash and issued an aggregate of 79,500 finders warrants to certain finders. The finders warrants are exercisable at\n \n $2.50\n \n per share for a period of 18 months from closing. The Shares and Warrants issued on this final tranche, including the finders' warrants, are subject to a hold period expiring\n \n March 13, 2021\n \n .\n \n \n Proceeds from the financing will be used for drilling and exploration activities on the Company's\n \n Quebec\n \n properties.\n \n \n On behalf of the Board of Directors of Starr Peak Exploration Ltd.,\n \n \n \n \"Johnathan More\"\n \n \n \n \n Johnathan More\n \n \n Chairman & Chief Executive Officer\n \n \n \n \n About Starr Peak Exploration Ltd.\n \n \n \n \n Starr Peak Exploration Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold deposits and projects in the Americas. The Company is committed to create long term shar...