Ms. Erica Bearss reports
STARDUST SOLAR CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT OF UNITS
Further to its news release of Oct. 31, 2025, Stardust Solar Energy Inc. has completed the first tranche of its previously announced non-brokered private placement of units. Pursuant to the first tranche, the company issued 5,105,000 units of the company at 10 cents per unit for gross proceeds of $510,500.
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 first tranche, the company paid finders' fees to eligible finders consisting of $28,700 in cash and 287,000 common share purchase warrants. Each finder 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 anticipates closing one or more additional tranches of the offering in the coming weeks.
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 one day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX-V.
About Stardust Solar Energy Inc.
Stardust Solar is a North American franchiser of renewable energy installation services, specializing in solar panels (photovoltaic), 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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