Source: PrivatePlacements.com
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  • Heliostar Metals Limited (HSTR) has announced a non-brokered private placement for gross proceeds of approximately $3,000,000
  • The company will issue up to 12,000,000 units at a price of $0.25 per unit
  • Each unit will consist of one common share and one share purchase warrant
  • The net proceeds will be used to advance the company’s Alaskan and Mexican projects, as well as for working capital and general corporate purposes
  • Heliostar is a junior exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico
  • Heliostar Metals Ltd. opened trading today at $0.20

Heliostar Metals Limited (HSTR) has announced a non-brokered private placement for gross proceeds of approximately $3,000,000.

The company will issue up to 12,000,000 units at a price of $0.25 per unit. Each unit will consist of one common share and one share purchase warrant.

Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.50 for six months following the closing date.

The net proceeds from the offering will be used to advance its Alaskan and Mexican projects, as well as for working capital and general corporate purposes.

Heliostar hopes to start drilling at the Centennial prospect at Unga in late July, 2022.

The offering is scheduled to close on July 29th. The offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities.

Heliostar is a junior exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico.

Heliostar Metals Ltd. opened trading today at $0.20.

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