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Star Copper Corp
Symbol STCU
Shares Issued 21,281,026
Close 2025-04-03 C$ 0.405
Market Cap C$ 8,618,816
Recent Sedar Documents

Star Copper closes $2.5-million private placement

2025-04-09 20:45 ET - News Release

Mr. Darryl Jones reports

STAR COPPER COMPLETES NON-BROKERED PRIVATE PLACEMENT FOR PROCEEDS OF $2,500,000

Star Copper Corp. has completed a non-brokered private placement (see news releases dated March 31, 2025, and March 3, 2025), issuing a total of 10 million units of the company at a price of 25 cents per unit for gross proceeds of $2.5-million. Each unit consisted of one common share of the company and one common share purchase warrant, with each warrant exercisable to acquire one common share of the company at a price of 32 cents per share for a period of 24 months from the date of issuance. The proceeds of the offering will be used for project evaluation, for general working capital purposes, and to satisfy existing property commitments and payables.

All securities issued pursuant to the offering are subject to a statutory hold period of four months and one 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. 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 25 per cent of the market capitalization of the company, and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(b) of MI 61-101, in that the fair market value of the securities distributed in the final tranche is not more than $2.5-million.

About Star Copper Corp.

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 per cent of the Star copper-gold porphyry project in the Golden Triangle of British Columbia, as well as the 100-per-cent-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. The company also holds a 100-per-cent interest in the Okeover copper-molybdenum project north of Powell River.

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