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Starr Peak Closes Strategic Institutional Flow-Through Private Placement
Starr Peak Closes Strategic Institutional Flow-Through Private Placement Canada...
About this update from Starr Peak Mining Ltd
[{"type":"text","content":"\n \n \n \n Starr Peak Closes Strategic Institutional Flow-Through Private Placement\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 2, 2021\n \n /CNW/ -\n \n Starr Peak Mining Ltd. (\"Starr Peak\" or the \"Company\")\n \n (TSX-V: STE) (OTC: STRPF) is pleased to announce that it has closed a strategic institutional private placement of Flow-Through Units at\n \n $3.60\n \n per Unit. The Company has issued 1,043,333 Units at\n \n $3.60\n \n per Unit for gross proceeds of\n \n $3,755,998.80\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 $4.50\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 3% cash to certain finders. The flow-through shares and warrants issued are subject to a hold period expiring\n \n October 3\n \n , 2021.\n \n \n The proceeds from the financing will be used for drilling and exploration work on the Company's\n \n Quebec\n \n properties. After today's closing,\n \n Starr Peak's\n \n current cash position is currently in excess of\n \n $5.3 million\n \n and currently has 37,599,978 shares issued and outstanding.\n \n \n On Behalf of the Board of Directors of Starr Peak Mining Ltd.,\n \n \n \n \"Johnathan More\"\n \n \n \n \n Johnathan More\n \n \n Chairman and Chief Executive Officer\n \n \n \n \n About Starr Peak Mining Ltd.\n \n \n \n \n Starr Peak Mining 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 shareholder value through mineral discoveries.\n \n \n \n Neither the TSX Venture Exchange nor its Regulatio...