Starr Peak Announces $1,000,000 Flow-Through Financing

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[{"type":"text","content":"\n\n\n\nStarr Peak Announces $1,000,000 Flow-Through Financing\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 17, 2020\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN./\n VANCOUVER, BC, July 17, 2020 /CNW/ - Starr Peak Exploration Ltd. (\"Starr Peak\" or the \"Company\") (TSXV: STE) (OTC: STRPF) is pleased to announce a $1,000,000 non-brokered private placement of flow-through units.\n\n \n \n \n \n \n \n\n \nThe flow through funding will consist of 666,667 flow through units (\"FT Units\"), priced at $1.50 each for gross proceeds of $1,000,000. Each Flow-Through Unit issued pursuant to the Offering will consist of one common flow-through share in the capital of the Company (a \"Common Flow-Through Share\") and one-half of one Common Share purchase warrant (each whole common share purchase warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Common Share for a period of eighteen (18) months following the closing date, at a price of $2.00.\nOn June 1, 2020, the Company expanded its NewMétal property (\"NewMétal\" or \"the Property\") in northwestern Quebec where a block of claims are directly adjacent to and on trend to Amex Exploration Inc.'s Perron project on its eastern side where Amex is currently drilling towards. It is also adjacent to past producing Normétal Mine. The geology underlaying the newly expanded land package is comprised of felsic and intermediate volcanic and felsic plutonic rocks of the Normétal formation and is highly prospective for gold-rich VMS mineralization and orogenic gold mineralization.\nWith these funds Starr Peak plans to complete an initial program of compilation, prospecting, geological mapping, airborne EM survey and high-resolution MAG drone geophysics in summer and fall of 2020 in order to prepare for an inaugural winter drilling campaign.\nA finder's fee may be paid in connection and on a portion of this private placement of...

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