Source: PrivatePlacements.com
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  • Heliostar Metals Limited (HSTR) has closed its non-brokered private placement for gross proceeds of $3,005,000
  • The company issued 12,020,000 units at $0.25 per unit
  • The net proceeds from the offering will be used to advance its Alaskan and Mexican projects
  • 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 at $0.225

Heliostar Metals Limited (HSTR) has closed its previously announced non-brokered private placement for gross proceeds of $3,005,000.

The company issued 12,020,000 units at $0.25 per unit.

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.

All securities issued are subject to a statutory four-month hold period.

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 at $0.225.


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