Mr. Johnathan More
reports
STARR PEAK CLOSES STRATEGIC PRIVATE PLACEMENT
Starr Peak Mining Ltd. has closed a non-brokered private placement of 6.25 million units of the company at a price of 40 cents per unit for gross proceeds of $2.5-million. Each unit consists of one common share and one-half of one share purchase warrant, with each share purchase warrant entitling the holder to acquire an additional common share of the company at a price of 80 cents per share for a period of 18 months from the closing date.
Johnathan More, chairman and chief executive officer of Starr Peak, commented: "We are pleased to welcome a new group of international investors to the company. These funds will assist in the launch of a follow-up drill program on our NewMetal property in Quebec."
In connection with the closing, the company will pay finders' fees of up to 6 per cent cash to certain finders. The shares and warrants comprising the units are subject to a hold period expiring Sept. 4, 2023.
About Starr Peak Mining Ltd.
Starr Peak Mining is a Canadian-based mineral exploration company focused on the acquisition and exploration of precious metal and base metal mineral deposits. The primary objective of the company is to acquire, explore and develop high-potential and high-quality gold and base metal deposits and projects in the Americas. The company is committed to creating long-term shareholder value through mineral discoveries.
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