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Starr Peak Closes Strategic Institutional Private Placement
Starr Peak Closes Strategic Institutional Private Placement Canada NewsWire ...
About this update from Starr Peak Mining Ltd
[{"type":"text","content":"\n \n \n \n Starr Peak Closes Strategic Institutional 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 Nov. 23, 2021\n \n /CNW/ -\n \n Starr Peak Mining Ltd. (\"Starr Peak\" or the \"Company\")\n \n (TSXV: STE) (OTC: STRPF)\n \n \n is pleased to announce that it has closed a non-brokered private placement of Flow-Through Units at\n \n $2\n \n .55 per Unit. The Company has issued 1,474,510 Units at\n \n $2.55\n \n per Unit for gross proceeds of\n \n $3,760,000.50\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 $3.25\n \n per share for a period of 18 months from closing. The financing was completed at a substantial premium to its current share price.\n \n \n \n \n \n \n \n \n \n In connection with the closing, the Company paid a cash fee to a finder for a portion of the financing.  The flow-through shares and warrants issued are subject to a hold period expiring\n \n March 23, 2022\n \n .\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.\n \n \n On Behalf of the Board of Directors of Starr Peak Mining Ltd.,\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 Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)...