Starcore Closes Non-Brokered Private Placement
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Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone: (604) 602-4935 Fax: (604)
602-4936 e-mail. [email protected] website: www.starcore.com
June 7, 2024 TSX: SAM
FSE: V4JA
NOT FOR DISTRIBUTION IN THE UNITED STATES
STARCORE CLOSES NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. -- Further to its news release of May 13, 2024, Starcore International Mines Ltd. (TSX:
SAM) (“Starcore” or the “Company”) is pleased to announce that it has closed its non -brokered private
placement (the “Financing”), raising $500,000 in gross proceeds through the issuance of 3,333,333 units
(the “Units”) at a price of $0.15 per Unit. Each Unit is comprised of one common share and one common
share purchase warrant (the “Warrant”), with each Warrant entitling the holder to purchase one additional
common share at $0.25 per share for a period of two years from the date of issue.
As disclosed in its May 13, 2024 news release, proceeds from the Financing will be allocated primarily to
conduct metallurgical testing of the carbonaceous ore at Starcore’s San Martin Mine operations in
Queretaro, Mexico.
All securities issued in connection with the Financing are subject to a hold period of four months and one
day in accordance with applicable Canadian securities laws. No commissions or finders’ fees were paid in
connection with the Financing. The Company now has 75,530,184 common shares issued and outstanding
following the closing of the Financing.
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico.
While this base of producing assets has been complemented by exploration and development projects
throughout North America, Starcore intends to expand its reach internationally with the proposed
acquisition of a project in Côte d’Ivoire. The Company is a leader in Corporate Social Responsibility and
advocates value driven decisions that will increase long term shareholder value. You can find more
information on the investor friendly website here: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
(Signed) “Robert Eadie”
Robert Eadie, President & Chief Executive Officer
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Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone: (604) 602-4935 Fax: (604)
602-4936 e-mail. [email protected] website: www.starcore.com
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE
Telephone: (604) 602-4935
The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.
This news release contains “forward -looking” statements and information (“forward -looking statements”).
All statements, other than statements of historical facts, included herein, including, without limitation,
management’s expectations and the potential o f the Company’s projects, are forward looking statements.
Forward-looking statements are based on the beliefs of Company management, as well as assumptions made
by and information currently available to Company’s management and reflect the beliefs, opinion s, and
projections on the date the statements are made. Forward -looking statements involve various risks and
uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements.
There can be no assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Specifically, there is no assurance the funds
raised will be used in the manner described above, or that the acquisition of mineral property interests in Côte
d’Ivoire will materialize as planned, or at all. The Company assumes no obligation to update forward‐looking
statements or beliefs, opinions, projections or other factors, except as required by law.