Lodestar Metals Upsizes Private Placement to $1.5M
Lodestar Metals Upsizes Private Placement to
$1.5M
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) -
Lodestar Metals Corp
. (TSXV:
LSTR) (OTCQB: SVTNF) ("
Lodestar
" or the "
Company
") announces that further to its news releases
dated September 29, 2025, and October 15, 2025, the Company has further increased the size of its
previously announced private placement (the "
Offering
") from gross proceeds of C$1,000,000 to
C$1,500,000. The Offering is priced at C$0.075 per Unit, for the issuance of up to 20,000,000 Units.
Each Unit will continue to consist of one (1) common share of the Company (each a "
Share"
) and one-
half of one (1/2) share purchase warrant (each whole share purchase warrant, a "
Unit Warrant
"), with
each Unit Warrant entitling the holder to purchase one additional Share (a "
Unit Warrant Share
") at a
price of $0.12 per Unit Warrant Share for a period of two years from the date of issue (the "
Expiry
Date
"). The Company has the right to accelerate the Expiry Date if, at any time, the volume weighted
average price of the Post-Consolidation Common Shares on the principal exchange or market on which
the Post-Consolidation Common Shares trade is equal to or greater than $0.15 for 10 consecutive
trading days ("
10-Day Period
"). In the event of acceleration, the Expiry Date will be accelerated to a
date that is 30 days after the Company issues the acceleration notice through a news release, provided
that the acceleration notice is issued within 10 business days after the end of the particular 10-Day
Period.
The Company may also pay finders a fee of 6% cash and 6% share purchase warrants. The securities
issued under the Offering will be subject to restrictions on resale for a period of four months and a day
from the date of issue.
The proceeds of the Offering will be used for exploration and drilling on the Company's Goldrun Project
located in Nevada as well as working capital purposes. The Offering is subject to acceptance of the TSX
Venture Exchange.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian mineral exploration company advancing high-potential projects in
North America. The Company's flagship asset includes the newly optioned Gold Run Property in
Nevada, situated along the prolific Getchell and Battle Mountain-Eureka Gold Trends and the Peny
Property in the Snow Lake District of Manitoba. Lodestar's strategy focuses on high-impact exploration,
strategic acquisitions, and responsible development. For further information, please visit our website at
www.lodestarmetals.ca
.
CONTACT
Lodestar Metals Corp.
Lowell Kamin, President, CEO & Chairman of the Board
(416) 272-1241
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/271534