Source: Heliostar Metals Ltd.
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Heliostar Metals (HSTR) has announced a non-brokered private placement for gross proceeds of up to approximately $16,280,000
  • Heliostar will issue up to 74,000,000 units at a price of C$0.22 per unit
  • The offering is scheduled to close on February 24th
  • Net proceeds will be used primarily to acquire and advance the Ana Paula development stage gold project
  • Heliostar is an exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico
  • Heliostar Metals Ltd. (HSTR) opened trading at C$0.24

Heliostar Metals (HSTR) has announced a non-brokered private placement for gross proceeds of up to approximately $16,280,000.

Under the offering, Heliostar will issue up to 74,000,000 units at a price of C$0.22 per unit. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.30 for a period of three years.

Net proceeds will be used to acquire and advance the Ana Paula development stage gold project, as well as for working capital and general corporate purposes.

Finder fees consisting of cash and non-transferable broker warrants may be paid to eligible finders.

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

The offering is scheduled to close on February 24th and is subject to the receipt of all necessary approvals.

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

Heliostar Metals Ltd. (HSTR) opened trading at C$0.24.


More From The Market Herald

" Prime Mining Corp. (TSXV:PRYM) outlines 2023 work program at its Los Reyes Project

Prime Mining Corp. (PRYM) provided an update on work at its Los Reyes Gold and Silver Project in Mexico.

" Copper Lake Resources (TSXV:CPL) begins winter drilling at Marshall Lake

Copper Lake Resources (CPL) has started a winter diamond drilling program on its Marshall Lake Property in northwestern Ontario.

" Go Metals (CSE:GOCO) updates upcoming drill program and issues stock options

Go Metals (GOCO) is planning the Phase 2 drill program at its HSP Nickel-Copper Sulphide Project.

" G2 Goldfields (TSXV:GTWO) strikes gold at the OKO Project

G2 Goldfields (GTWO) released additional assay results from the ongoing drill program at its newly discovered Ghanie Zone within its OKO Project.