Glenstar Ventures Inc. Completes Initial Public Offering
Glenstar Ventures Inc. Completes Initial Public Offering
July 25, 2024 – Vancouver, British Columbia. Glenstar Ventures Inc. (“ Glenstar ”) (CSE: GSTR) is pleased to
announce that, it successfully completed its initia l public offering (the “ IPO ”) of 6,667,500 units (each a “ Unit ”) of
Glenstar at a price of $0.15 per Unit for total gro ss proceeds of $1,000,125 (the “ Proceeds ”). Each Unit consist of
one common share (each a “Common Share ”) and one half of one whole share purchase warrant (each whole warrant
a “ Warrant ”). Each Warrant entitles the holder to purchase o ne Common Share at a price of $0.20 per Common
Share until July 25, 2026.
Pursuant to the agency agreement dated May 1, 2024, Leede Financial Inc. acted as agent (the “ Agent ”) for the IPO.
Glenstar paid to the Agent a cash commission equal to 8% of the Proceeds and granted the Agent and its sub agents
non-transferable warrants entitling the Agent and i ts sub agents to purchase a total of 533,400 Common Shares at a
price of $0.15 per Common Share until July 25, 2026. In connection with the IPO, the Agent also received a corporate
finance fee.
Glenstar’s common shares were listed on the Canadia n Securities Exchange (“ CSE ”) effective July 24, 2024, with its
common shares anticipated to commence trading on th e CSE on July 26, 2024 under the symbol “GSTR”.
About Glenstar
Glenstar Ventures Inc. is engaged in the acquisitio n and exploration of mineral properties. Glenstar c urrently has
acquired a one hundred percent (100%) undivided interest in the Green Monster Property. The Green Monster Property
is comprised of 35 lode claims covering approximate ly 700 acres located in Clark County, Nevada.
The Proceeds will be used by Glenstar to fund its exploration program on the Green Monster Property and for general
working capital purposes.
Forward Looking Information
Information set forth in this press release contain s forward-looking statements relating to the use of proceeds, are
made as of July 25, 2024 and are based on assumptions as of that date. These statements reflect management’s current
estimates, beliefs, intentions and expectations; th ey are not guarantees of future performance. Glenst ar cautions that
all forward looking statements are inherently uncer tain and that actual performance may be affected by a number of
material factors, many of which are beyond Glenstar ’s control. Such factors include, among other thing s: risks and
uncertainties relating to exploration and development; the ability of Glenstar to obtain additional financing; Glenstar’s
limited operating history; the need to comply with environmental and governmental regulations; potenti al defects in
title to Glenstar’s Property, fluctuations in curre ncy exchange rates; fluctuations in the prices of c ommodities;
operating hazards and risks; competition and other risks and uncertainties, including those described in Glenstar’s
prospectus dated May 1, 2024 filed with the Canadia n Securities Administrators and available on www.se darplus.ca.
Accordingly, actual and future events, conditions a nd results may differ materially form the estimates , beliefs,
intentions and expectations expressed or implied in the forward looking information. Except as require d under
applicable securities legislation, Glenstar underta kes no obligation to publicly update or revise forw ard-looking
information.
On behalf of the Board of Directors
David K. Ryan
CEO
604-916-7945