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STARR PEAK CLOSES $1,400,000 FUNDING FROM SINGLE STRATEGIC INVESTOR
Starr Peak Mining Ltd. (TSX-V: STE) (OTCQX: STRPF) is pleased to announce that it has closed a non-brokered private placement of 4,004,000 units of the Company at a price of $0.35 per Unit for gross proceeds of $1,401,400. The private placement was completed by one strategic investor. Each Unit consists of one common share and one share purchase warrant, with each share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.45 per share for a period of 18 months from the closing date.
The proceeds from the Offering will be used for exploration and drilling activities on the Company’s Quebec properties and for general working capital.
Closing of the Offering is subject to the approval of the TSX Venture Exchange.
About Starr Peak Mining Ltd.
Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold and base metal deposits and projects in the Americas. The Company is committed to create long term shareholder value through mineral discoveries.
Posted March 17, 2025
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