Star Copper Completes Non-Brokered Private Placement for Proceeds of $2,500,000
Star Copper Corp (CSE:STCU) has successfully completed a non-brokered private placement, raising gross proceeds of $2.5 million through the issuance of 10 million units at $0.25 per unit. Each unit comprises one common share and one purchase warrant, exercisable at $0.32 per share within 24 months of issuance.
The funds will be allocated towards project evaluation, working capital, and fulfilling existing property commitments and payables. An insider participated in the offering, subscribing for 200,000 units, which qualified for exemption under MI 61-101 regulations. All securities issued are subject to a four-month statutory hold period.
Star Copper Corp (CSE:STCU) ha completato con successo un collocamento privato non intermediatore, raccogliendo proventi lordi di 2,5 milioni di dollari attraverso l'emissione di 10 milioni di unità a 0,25 dollari per unità. Ogni unità è composta da un'azione comune e un warrant di acquisto, esercitabile a 0,32 dollari per azione entro 24 mesi dall'emissione.
I fondi saranno destinati alla valutazione del progetto, al capitale circolante e al soddisfacimento degli impegni e dei debiti esistenti relativi alla proprietà. Un insider ha partecipato all'offerta, sottoscrivendo 200.000 unità, che hanno qualificato per l'esenzione secondo le normative MI 61-101. Tutti i titoli emessi sono soggetti a un periodo di blocco statutario di quattro mesi.
Star Copper Corp (CSE:STCU) ha completado con éxito una colocación privada no intermediada, recaudando ingresos brutos de 2,5 millones de dólares mediante la emisión de 10 millones de unidades a 0,25 dólares por unidad. Cada unidad consta de una acción común y un warrant de compra, ejercitable a 0,32 dólares por acción dentro de los 24 meses posteriores a la emisión.
Los fondos se destinarán a la evaluación del proyecto, al capital de trabajo y al cumplimiento de compromisos y cuentas por pagar existentes. Un insider participó en la oferta, suscribiendo 200,000 unidades, que calificaron para la exención bajo las regulaciones MI 61-101. Todos los valores emitidos están sujetos a un período de bloqueo estatutario de cuatro meses.
Star Copper Corp (CSE:STCU)는 중개인 없는 사모 배정을 성공적으로 완료하여 10백만 개의 유닛을 유닛당 0.25달러에 발행하여 총 250만 달러의 수익을 올렸습니다. 각 유닛은 하나의 보통주와 하나의 구매 워런트로 구성되며, 발행일로부터 24개월 이내에 주당 0.32달러에 행사할 수 있습니다.
모금된 자금은 프로젝트 평가, 운영 자본 및 기존 자산 의무와 미지급금 이행에 사용될 것입니다. 내부자가 이 제안에 참여하여 200,000 유닛을 구입하였으며, 이는 MI 61-101 규정에 따라 면제를 받았습니다. 발행된 모든 증권은 4개월의 법정 보유 기간에 따릅니다.
Star Copper Corp (CSE:STCU) a réussi à compléter un placement privé non intermédié, levant des produits bruts de 2,5 millions de dollars grâce à l'émission de 10 millions d'unités au prix de 0,25 dollar par unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription, exerçable à 0,32 dollar par action dans les 24 mois suivant l'émission.
Les fonds seront alloués à l'évaluation du projet, au fonds de roulement et au respect des engagements et des dettes existants. Un initié a participé à l'offre en souscrivant 200 000 unités, ce qui a permis une exemption selon les règlements MI 61-101. Tous les titres émis sont soumis à une période de blocage statutaire de quatre mois.
Star Copper Corp (CSE:STCU) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen und dabei Bruttoerlöse von 2,5 Millionen Dollar durch die Ausgabe von 10 Millionen Einheiten zu je 0,25 Dollar pro Einheit erzielt. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, der innerhalb von 24 Monaten nach der Ausgabe zu 0,32 Dollar pro Aktie ausgeübt werden kann.
Die Mittel werden für die Projektbewertung, das Betriebskapital sowie zur Erfüllung bestehender Verpflichtungen und Verbindlichkeiten verwendet. Ein Insider hat an dem Angebot teilgenommen und 200.000 Einheiten gezeichnet, die gemäß den MI 61-101-Vorschriften von der Offenlegungspflicht befreit sind. Alle ausgegebenen Wertpapiere unterliegen einer gesetzlichen Haltedauer von vier Monaten.
- Secured $2.5 million in fresh capital
- Warrant exercise price of $0.32 represents 28% premium to unit price
- insider participation (2% of offering) demonstrates external investor interest
- Dilutive financing through issuance of 10 million new units
- Additional potential dilution from 10 million warrants if exercised
VANCOUVER, BC / ACCESS Newswire / April 9, 2025 / Star Copper Corp. ("Star" or the "Company") (CSE:STCU) is pleased to announce that it has completed a non-brokered private placement (see news release dated March 31, 2025 and March 3, 2025), issuing a total of 10,000,000 units of the Company ("Units") at a price of
All securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months and a day from issuance.
An insider of the Company subscribed for a total of 200,000 Units under the Offering, which is a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance to the insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(a) as the Units purchased do not exceed more than
None of the securities sold in connection with the Offering are registered under the United States Securities Act of 1933, as amended, and no such securities were offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Star Copper Corp. (CSE:STCU)(OTC PINK:STCUF)(FWB:PP0)
Star Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The Company is positioned to earn a 60-per-cent interest in the Indata copper-gold project located in north-central British Columbia. After the acquisition of Cavu Energy Metals, the Company has acquired
For more information visit https://starcopper.com/.
On Behalf of the Board of Directors of Star
~Darryl Jones~
Darryl Jones
CEO, President & Director
Star Copper Corp.
Contact Star Copper
Invictus Investor Relations
+1 (604) 343.8661
walter@invictusir.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding the terms and completion of the Offering. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to market conditions and the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
SOURCE: Star Copper Corp.
View the original press release on ACCESS Newswire
FAQ
How much did Star Copper (STCUF) raise in their latest private placement?
What are the terms of Star Copper's (STCUF) warrant offering in April 2025?
How will Star Copper (STCUF) use the proceeds from their $2.5M private placement?
What was the insider participation in Star Copper's (STCUF) April 2025 private placement?
