02:08:59 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Star Copper Corp
Symbol STCU
Shares Issued 38,602,941
Close 2025-06-16 C$ 1.03
Market Cap C$ 39,761,029
Recent Sedar Documents

Star Copper closes $1.25M final tranche of financing

2025-06-16 17:56 ET - News Release

Mr. Darryl Jones reports

STAR COPPER ANNOUNCES CLOSING OF C$1.25M SECOND TRANCHE OF FLOW THROUGH PRIVATE PLACEMENT

Star Copper Corp. has closed the second and final tranche of its previously announced and continuing non-brokered private placement, pursuant to which the company raised aggregate gross proceeds of $1,250,310.39.

Under the second tranche of the company's continuing offering of flow-through (FT) common shares in the authorized capital of the company at a price of 57 cents per FT share, Star Copper issued 2,193,527 FT shares for gross proceeds of $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 Feb. 26, 2025, technical report in respect of the Star project, available under its issuer profile on SEDAR+, 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 per cent of certain subscriptions under the FT offering; and (b) non-transferable warrants equal to 7 per cent of certain subscriptions under the FT offering. The finders' warrants are exercisable at 75 cents 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.

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 pepr 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.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.