Canstar Receives $410,000 from Early Warrant Exercises & Provides Corporate Updates
Canstar Resources has received $410,000 through the early exercise of 8,200,000 warrants at $0.05 per share from its January 2024 financing. The company plans to use these proceeds for general working capital. Currently, 18,465,500 warrants remain outstanding, set to expire on January 23, 2026. Additionally, the Board has approved granting 400,000 stock options to employees at $0.04 per share, exercisable until August 13, 2029. Some employees have voluntarily canceled 450,000 previous options that were exercisable at $0.28.
Canstar Resources ha ricevuto $410.000 grazie all'esercizio anticipato di 8.200.000 warrant a $0,05 per azione dal suo finanziamento di gennaio 2024. L'azienda prevede di utilizzare questi proventi per il capitale circolante generale. Attualmente, rimangono in essere 18.465.500 warrant, con scadenza fissata per il 23 gennaio 2026. Inoltre, il Consiglio ha approvato l'assegnazione di 400.000 opzioni su azioni ai dipendenti a $0,04 per azione, esercitabili fino al 13 agosto 2029. Alcuni dipendenti hanno volontariamente annullato 450.000 opzioni precedenti che erano esercitabili a $0,28.
Canstar Resources ha recibido $410,000 a través del ejercicio anticipado de 8,200,000 garantías a $0.05 por acción de su financiamiento de enero de 2024. La compañía planea usar estos fondos para el capital de trabajo general. Actualmente, quedan 18,465,500 garantías pendientes, que vencerán el 23 de enero de 2026. Además, la Junta ha aprobado otorgar 400,000 opciones sobre acciones a empleados a $0.04 por acción, ejercitables hasta el 13 de agosto de 2029. Algunos empleados han cancelado voluntariamente 450,000 opciones anteriores que eran ejercitables a $0.28.
Canstar Resources는 2024년 1월 자금 조달을 통해 주당 $0.05의 가격으로 8,200,000개의 워런트를 조기 행사하여 $410,000를 받았습니다. 회사는 이 자금을 일반 운영 자본으로 사용할 계획입니다. 현재 18,465,500개의 워런트가 남아 있으며, 만료일은 2026년 1월 23일입니다. 또한, 이사회는 직원에게 주당 $0.04의 가격으로 400,000개의 주식 옵션을 부여하는 것을 승인했으며, 이 옵션은 2029년 8월 13일까지 행사 가능합니다. 일부 직원들은 주당 $0.28에 행사 가능한 450,000개의 이전 옵션을 자발적으로 취소했습니다.
Canstar Resources a reçu 410 000 $ par l'exercice anticipé de 8 200 000 bons de souscription au prix de 0,05 $ par action de son financement de janvier 2024. La société prévoit d'utiliser ces fonds pour le capital de travail général. Actuellement, 18 465 500 bons de souscription restent en circulation, avec une date d'expiration fixée au 23 janvier 2026. De plus, le Conseil a approuvé l'octroi de 400 000 options d'achat d'actions aux employés à 0,04 $ par action, exerçables jusqu'au 13 août 2029. Certains employés ont volontairement annulé 450 000 options précédentes qui étaient exerçables à 0,28 $.
Canstar Resources hat $410.000 durch die vorzeitige Ausübung von 8.200.000 Warrants zu $0,05 pro Aktie aus seiner Finanzierungsrunde im Januar 2024 erhalten. Das Unternehmen plant, diese Mittel für das allgemeine Betriebskapital zu verwenden. Derzeit sind noch 18.465.500 Warrants ausstehend, die am 23. Januar 2026 ablaufen. Darüber hinaus hat der Vorstand die Gewährung von 400.000 Aktienoptionen an Mitarbeiter zu einem Preis von $0,04 pro Aktie genehmigt, die bis zum 13. August 2029 ausgeübt werden können. Einige Mitarbeiter haben freiwillig 450.000 frühere Optionen, die zu $0,28 ausgeübt werden konnten, storniert.
- Raised $410,000 in immediate capital through warrant exercises
- Reduction in potential dilution through cancellation of higher-priced options ($0.28)
- New options granted at $0.04, representing a significant discount to previous $0.28 options
- Dilution of existing shareholders through warrant exercises
Toronto, Ontario--(Newsfile Corp. - October 30, 2024) - CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) ("Canstar" or "the Company") has issued 8,200,000 common shares to investors following the early exercise of warrants from its January 2024 financing. The warrants had an exercise price of
The Company's Board of Directors also authorized the grant of 400,000 stock options ("the Options") to select employees under its stock option plan. The Options are subject to vesting provisions and are exercisable until August 13, 2029, at a strike price of
About Canstar Resources Inc.
Canstar Resources Inc. (TSXV: ROX) (OTC Pink: CSRNF) is an exploration company focused on critical minerals and gold. The Company's
For further information, please contact:
Juan Carlos Giron, Jr.
President & Chief Executive Officer
Email: jc@canstarresources.com
Phone: 1-647-247-8715
Website: www.canstarresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228187
FAQ
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