Star Alliance International Corp. ("STAL") Pays over $95,000 to clear Outstanding Convertible Debt

Rhea-AI Summary

Star Alliance International Corp. (STAL) Repays $95,000 of Toxic Convertible Debt, President Emphasizes Positive Outlook

Positive

• The repayment of $95,000 of toxic convertible debt demonstrates the company's commitment to improving its financial position and reducing potential dilution for shareholders.
• The statement from the President and Chairman, Richard Carey, highlights a positive outlook for the company and reassures shareholders of the management's focus on enhancing shareholder value.

Negative

• None.

LAS VEGAS, NV / ACCESSWIRE / November 20, 2023 / Star Alliance International Corp. (Stock Symbol STAL), ("STAR or the Company"). On Friday November 17, STAR repaid over $95,000 of toxic convertible debt.

Richard Carey, President and Chairman of STAL, commented, "We are excited that with this payment, we have paid off the toxic convertible debt of the Company. We are moving forward positively with much more news on the horizon. As always, Shareholder value is our primary motivator."

About Star Alliance International Corp.

Star Alliance International Corp. ("the Company", or "STAL") was incorporated in the State of Nevada on April 17, 2014, under the laws of the State of Nevada.

Star Alliance International Corp is a Worldwide Holding Company with strong assets in the US, Honduras, and Guatemala.

STAL's assets include gold mines in California and is finalizing contracts to acquire a mine in Honduras. In addition, Star searches out innovative new technologies that are eco-friendly including "Genesis," the environmentally safe gold extraction system that we are purchasing.

The Genesis gold and other minerals extraction system extracts minerals from oxide and complex ores much faster than other processes in an environmentally safe manner.

We have also agreed terms to acquire a controlling interest in two entities outside our mining divisions including the fintech and artificial intelligence corporate purchases.

The Company anticipates continued expansion of our efforts domestically and abroad, with a particularly keen focus on mining technologies for precious metals and rare earth minerals, as well as other innovative technologies that will enhance the value of the Company.

It is STAL's goal to become a very well-rounded enterprise with planned diversification, paired with a balanced approach, ensuring the very best possible results and the highest possible value for our shareholders.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

For more information, contact STAL.

E Mail: info@staralliancemines.com
Web Site: staralliancemines.com
Facebook, Linkedin,
Twitter, @staralliancein1

SOURCE: Star Alliance International Corp.

View source version on accesswire.com:
https://www.accesswire.com/806857/star-alliance-international-corp-stal-pays-over-95000-to-clear-outstanding-convertible-debt

FAQ

What is the recent development for Star Alliance International Corp. (STAL)?

STAL repaid over $95,000 of toxic convertible debt, signaling a positive step towards improving the company's financial stability.

Who commented on the repayment of the debt?

Richard Carey, President and Chairman of STAL, emphasized the company's positive outlook and commitment to enhancing shareholder value.

What is the primary motivator for Star Alliance International Corp.?

The primary motivator for the company is to enhance shareholder value, as stated by Richard Carey, the President and Chairman of STAL.