Ms. Erica Bearss reports
STARDUST SOLAR PROVIDES UPDATE ON RECENT NON-BROKERED PRIVATE PLACEMENT OF UNITS
Further to its news releases dated May 13, 2026, May 29, 2026, and June 26, 2026, Stardust Solar Energy Inc. has cancelled and returned to treasury 266,666 units of the company issued as a result of a clerical error in connection with the first tranche of the company's recent non-brokered private placement of units of the company. As a result, the company issued 10,838,413 units for aggregate gross proceeds of approximately $812,880.98 pursuant to the private placement.
Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of 10 cents per share for a period of 18 months from the date of issuance.
In connection with the private placement, the company paid finders' fees to eligible finders consisting of $46,044.40 in cash and 613,778 common share purchase warrants. Each finder warrant entitles the holder to acquire one share at a price of 10 cents per share for a period of 18 months from the closing date of issuance, all in accordance with the policies of the TSX Venture Exchange.
About Stardust Solar Energy Inc.
Stardust Solar Energy is a globally expanding renewable energy company supporting the installation, development, training, and deployment of residential, commercial and utility-scale solar solutions across international markets. The company operates a diversified solar royalty platform generating recurring revenue through franchise installation operations, accredited training and development licences and subscriptions, and technology-driven innovation initiatives. Through formal engagement with governments, utilities and commercial stakeholders, the company is scaling renewable energy capacity worldwide.
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