Ms. Erica Bearss reports
STARDUST SOLAR CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT OF UNITS
Stardust Solar Energy Inc., further to its news releases of Oct. 31, 2025, and Nov. 12, 2025, on Nov. 28, 2025, completed the second and final tranche of its previously announced non-brokered private placement of units. Pursuant to the second tranche, the company issued 4.17 million units of the company at 10 cents per unit for gross proceeds of $417,000. The company has raised a total of $927,500 under the offering.
Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 15 cents for a period of 18 months from the closing of the offering.
In connection with the second tranche, the company paid finders' fees to eligible finders consisting of $19,040 in cash and 190,400 common share purchase warrants. Each finder's warrant will entitle the holder to acquire one share at a price of 15 cents per share for a period of 18 months from the date of issuance, all in accordance with the policies of the TSX Venture Exchange.
The company intends to use the net proceeds of the offering to help expand the company's operations, as well as for general and administrative, marketing, and working capital purposes. All securities issued in connection with the offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX-V.
Insiders of the company participated in the second tranche for $25,000. The issuance of units to insiders is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the company's market capitalization.
About Stardust Solar Energy Inc.
Stardust Solar is a North American franchisor of renewable energy installation services, specializing in solar panels (PV), energy storage systems and electric vehicle supply equipment. The company equips entrepreneurs with branded business management services, cutting-edge equipment and comprehensive support, including marketing, sales, engineering and project management. With franchises across Canada and the United States, Stardust Solar drives the adoption of clean energy solutions that boost economic development and create a more sustainable future.
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