Lodestar Metals Announces Private Placement Offering of $1,500,000
Lodestar Metals Announces Private Placement
Offering of $1,500,000
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) -
Lodestar Metals Corp
.
(TSXV:
LSTR) (OTC Pink: SVTNF)
("
Lodestar
" or the "
Company
"), a junior exploration company focused on
unlocking world class gold potential in Nevada, is pleased to announce a non-brokered private
placement financing of 7,500,000 units of the Company ("Units") at a price of $0.20 per Unit for gross
proceeds of $1,500,000 (the "Offering").
Each Unit under the Offering will consist of one common share and one common share purchase warrant
("Warrant"), with each Warrant entitling the holder to purchase one additional share at a price of $0.30
per share for a period of 18 months from the date of issue.
The Company has engaged Integrity Capital Group Inc. ("Integrity") to act as a finder in connection with
the Offering.
Integrity may pay a finder's fee to Integrity, being a cash commission of up to 8.0% and 8%
in finder's warrants except for investors identified by the Company in which case the fee will be 3.0%
cash and 3% finders warrants.
Each finder's warrant will be exercisable at $0.20 per share for a period
of 18 months from the date of issue.
All securities issued under the Offering, including securities issuable on the exercise thereof, are subject
to a hold period expiring four months and one day from the date of issuance.
The proceeds of the Offering will be used for exploration and drilling activities on the Gold Run Property
as well as working capital purposes.
The Offering is subject to the acceptance of the TSX Venture Exchange.
The securities referred to in this news release have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable
exemption from the U.S. registration requirements. This release does not constitute an offer for sale of,
nor a solicitation for offers to buy, any securities in the United States.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the drill-ready
Goldrun Project in Nevada, strategically located on a major Carlin-style gold trend and adjacent to some
of the largest gold deposits in North America. With decades of combined geological and capital markets
expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy
is clear: focus capital on high-value targets, move quickly on known mineralization, and build a compliant
gold resource that delivers lasting shareholder value. For more information, please visit
www.lodestarmetals.ca
.
CONTACT
Lodestar Metals Corp.
Lowell Kamin
President, CEO
(416) 272-1241
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions, and expectations. They are not guarantees of future performance.
Lodestar cautions that all forward-looking statements are inherently uncertain and that actual
performance may be affected by several material factors, many of which are beyond Lodestar's control.
Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating
history and the need to comply with environmental and governmental regulations. Accordingly, actual and
future events, conditions and results may differ materially from the estimates.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/281062