Star Copper Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising C$1.25 million through the issuance of 2,193,527 flow-through shares at C$0.57 per share. The proceeds will be used to advance the company's flagship Star Project in British Columbia and other eligible exploration activities. The company paid finder's fees of 7% in cash and 7% in non-transferable warrants exercisable at C$0.75 per share for 12 months. All securities issued are subject to a four-month hold period. The flow-through shares qualify under the Income Tax Act of Canada, offering tax benefits to investors.
Star Copper Corp. ha completato con successo la seconda e ultima tranche della sua collocazione privata senza intermediari, raccogliendo 1,25 milioni di dollari canadesi tramite l'emissione di 2.193.527 azioni flow-through al prezzo di 0,57 CAD per azione. I proventi saranno utilizzati per far avanzare il progetto principale Star Project in British Columbia e altre attività esplorative ammissibili. La società ha corrisposto commissioni di intermediazione pari al 7% in contanti e al 7% in warrant non trasferibili esercitabili a 0,75 CAD per azione entro 12 mesi. Tutti i titoli emessi sono soggetti a un periodo di blocco di quattro mesi. Le azioni flow-through sono conformi alla Income Tax Act del Canada, offrendo vantaggi fiscali agli investitori.
Star Copper Corp. ha cerrado con éxito la segunda y última fase de su colocación privada sin intermediarios, recaudando 1,25 millones de dólares canadienses mediante la emisión de 2.193.527 acciones flow-through a 0,57 CAD por acción. Los fondos se utilizarán para avanzar en el proyecto principal Star Project en Columbia Británica y otras actividades exploratorias elegibles. La compañía pagó comisiones del 7% en efectivo y un 7% en warrants no transferibles ejercitables a 0,75 CAD por acción durante 12 meses. Todos los valores emitidos están sujetos a un periodo de retención de cuatro meses. Las acciones flow-through califican bajo la Income Tax Act de Canadá, ofreciendo beneficios fiscales a los inversores.
Star Copper Corp.� 중개� 없이 진행� � 번째이자 마지� 사모 발행� 성공적으� 마무리하�, 주당 0.57 캐나� 달러� 2,193,527주의 플로�-스루 주식� 발행하며 125� 캐나� 달러� 조달했습니다. � 자금은 브리티시컬럼비아� 위치� 회사� 주력 프로젝트� 스타 프로젝트와 기타 적격 탐사 활동� 사용� 예정입니�. 회사� 현금 7%와 12개월 동안 주당 0.75 캐나� 달러� 행사 가능한 양도 불가능한 워런� 7%� 소개 수수료를 지급했습니�. 발행� 모든 증권은 4개월� 보유 기간� 적용됩니�. 플로�-스루 주식은 캐나� 소득세법� 따라 투자자에� 세제 혜택� 제공합니�.
Star Copper Corp. a clôturé avec succès la deuxième et dernière tranche de son placement privé sans intermédiaire, levant 1,25 million de dollars canadiens par l’émission de 2 193 527 actions flow-through au prix de 0,57 CAD par action. Les fonds seront utilisés pour faire progresser le projet phare Star Project en Colombie-Britannique ainsi que d’autres activités d’exploration admissibles. La société a payé des frais de courtage de 7 % en espèces et 7 % en bons de souscription non transférables exerçables à 0,75 CAD par action pendant 12 mois. Tous les titres émis sont soumis à une période de blocage de quatre mois. Les actions flow-through sont conformes à la Loi de l’impôt sur le revenu du Canada, offrant des avantages fiscaux aux investisseurs.
Star Copper Corp. hat die zweite und letzte Tranche seiner nicht vermittelten Privatplatzierung erfolgreich abgeschlossen und dabei 1,25 Millionen CAD durch die Ausgabe von 2.193.527 Flow-Through-Aktien zu je 0,57 CAD eingenommen. Die Erlöse werden verwendet, um das Flaggschiffprojekt Star Project in British Columbia sowie andere förderfähige Explorationsaktivitäten voranzutreiben. Das Unternehmen zahlte Vermittlungsgebühren in Höhe von 7 % in bar sowie 7 % in nicht übertragbaren Warrants, die für 12 Monate zu 0,75 CAD pro Aktie ausgeübt werden können. Alle ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltefrist. Die Flow-Through-Aktien qualifizieren sich gemäß dem kanadischen Einkommensteuergesetz und bieten den Investoren Steuervorteile.
Positive
Successful raising of C$1.25 million in additional capital for exploration activities
Strategic use of flow-through shares structure providing tax benefits to investors
Funds allocated to advance the flagship Star Project in British Columbia
Negative
Potential dilution of existing shareholders through the issuance of 2,193,527 new shares
Additional dilution possible through finder's warrants exercisable at C$0.75
VANCOUVER, BC / / June 16, 2025 / Star Copper Corp. (the "Company" or "Star Copper") (CSE:STCU)(OTC:STCUF)(FWB:SOP) is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of its previously announced and ongoing non-brokered private placement (the "Offering"), pursuant to which the Company raised aggregate gross proceeds of C$1,250,310.39.
Under the Second Tranche of the Company's ongoing offering of flow-through common shares in the authorized capital of the Company (each, an "FT Share") at a price of C$0.57 per FT Share (the "FTOffering"), Star Copper issued 2,193,527 FT Shares for gross proceeds of C$1,250,310.39 to subscribers pursuant to prospectus exemptions available to the Company under National Instrument 45-106 - Prospectus Exemptions. The FT Shares are issued as a "flow-through shares" (as such term is defined in subsection 66(15) of the Income Tax Act (Canada)).
As previously announced, the Company intends to use the gross proceeds of the FT Shares to advance the Company's British Columbian flagship Star Project, and for other eligible exploration expenditures. Please refer to the Company's February 26, 2025 technical report in respect of the Star Project, available under its issuer profile at www.sedarplus.ca, for more information about the Star Project.
In connection with the Second Tranche of the FT Offering, the Company paid certain finders a fee consisting of (a) cash commissions equal to 7% of certain subscriptions under the FT Offering, and (b) non-transferable Warrants (the "Finder's Warrants") equal to 7% of certain subscriptions under the FT Offering. The Finder's Warrants are exercisable at C$0.75 per Common Share for a period of 12 months from the date of issuance.
All securities issued in connection with the FT Offering are subject to a statutory hold period of four months and one day from the date of issuance.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Star Copper Corp. (CSE: STCU) (OTC: STCUF) (FWB: SOP)
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 100% of the Star copper-gold porphyry project in the Golden Triangle of British Columbia, as well as the 100% owned Quesnel project in the middle of the Quesnel Trough, host to a number of alkalic copper-gold porphyry deposits running northwest across western British Columbia.
For more information visit https://starcopper.com/
On Behalf of the Board of Directors of Star Copper Corp.
~Darryl Jones~
Darryl Jones President, CEO & Director Star Copper Corp.
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. In particular, this press release contains forward looking statements concerning the Offering, the intended use of proceeds of the Offering and the benefits thereof. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties including: that the proceeds of the Offering may not be used as stated in this news release and adverse market conditions and other factors beyond the control of the Company. 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.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Star Copper Corp.
View the original on ACCESS Newswire
FAQ
How much did Star Copper (STCUF) raise in their second tranche of private placement?
Star Copper raised C$1,250,310.39 through the issuance of 2,193,527 flow-through shares at C$0.57 per share.
What is the price per share for Star Copper's flow-through offering?
The flow-through shares were priced at C$0.57 per share.
What are the terms of the finder's warrants in Star Copper's private placement?
The finder's warrants are exercisable at C$0.75 per Common Share for a period of 12 months from issuance.
How will Star Copper use the proceeds from the flow-through offering?
The proceeds will be used to advance the company's British Columbian flagship Star Project and for other eligible exploration expenditures.
What is the hold period for securities issued in Star Copper's flow-through offering?
All securities issued are subject to a statutory hold period of four months and one day from the date of issuance.
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