01:28:27 EST Tue 03 Dec 2024
Enter Symbol
or Name
USA
CA



Heliostar Metals Ltd
Symbol HSTR
Shares Issued 201,936,346
Close 2024-08-08 C$ 0.30
Market Cap C$ 60,580,904
Recent Sedar Documents

Heliostar closes $499,790 final tranche of financing

2024-08-08 16:19 ET - News Release

Mr. Charles Funk reports

HELIOSTAR WELCOMES NEW INSIDER WITH FINAL CLOSE OF PREVIOUSLY ANNOUNCED FINANCING

Heliostar Metals Ltd. has closed the final tranche of its non-brokered private placement offering.

Timing for closing of the final tranche was driven by the need to obtain TSX Venture Exchange approval for a new insider position.

Pursuant to the final tranche, the company issued an aggregate of 1,886,000 shares at a price of 26.5 cents per share for gross proceeds of $499,790. Further to the company's news releases dated June 5, 2024, and June 21, 2024, the company has raised aggregate gross proceeds of $4,979,505 in the offering.

The shares issued in the final tranche were offered to purchasers pursuant to the accredited investor exemption under Section 2.3 of National Instrument 45-106 and will be subject to a statutory hold period of four months and one day.

The company intends to use the net proceeds of the offering for the commencement of drilling at Ana Paula and general working capital.

Closing of the offering is subject to final approval of the TSX-V.

Statement of qualified person

Stewart Harris, PGeo, a qualified person, as such term is defined by NI 43-101, Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The company is focused on developing the 100-per-cent-owned Ana Paula project in Guerrero, Mexico, and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.

We seek Safe Harbor.

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