Securities Described Herein. Starr PEAK Announces $2,000,000 Flow-Through Financing
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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE
SECURITIES DESCRIBED HEREIN.
STARR PEAK ANNOUNCES $2,000,000 FLOW-THROUGH FINANCING
Vancouver, British Columbia – October 21, 2020 – Starr Peak Exploration Ltd. ("Starr
Peak" or the "Company") (TSX VENTURE:STE) (OTC:STRPF) is pleased to announce a
$2,000,000 non-brokered private placement of flow-through units.
The flow through funding will consist of 1,000,000 flow through uni ts (“FT Units”), priced at
$2.00 each for gross proceeds of $2,000,000. Each Flow -Through Unit issued pursuant to the
Offering will consist of one common flow -through share in the capital of the Company (a
"Common Flow-Through Share") and one-half of one C ommon Share purchase warrant (each
whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof
to acquire one Common Share for a period of eighteen (18) months following the closing date, at
a price of $2.50.
The proceed s from the financing will be used for drilling and exploration activities on the
Company’s Québec properties.
A finder's fee may be paid in connection and on a portion of this private placement of 6% cash and
6% compensation units. The proposed private placement and any finder's fees are subject to TSX
Venture Exchange approval. All shares issued pursuant to this offering and any shares issued
pursuant to the exercise of warrants will be subject to a four -month hold period from the closing
date.
About Starr Peak Exploration Ltd.
Starr Peak Exploration 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 devel op high potential and quality gold deposits and
projects in the Americas. The Company is committed to create long term shareholder value through
mineral discoveries.
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For more information please contact:
Johnathan More, Chairman & CEO
Tel: 646-661-0409
https://www.starrpeakexploration.com/
Certain statements contained in this press release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of the words "could", "intend", "expect",
"believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that
are not historical facts are intended to identify forward-looking information and are based on Starr Peak’s
current belief or assumptions as to the outcome and timing of such future events. Actual future results may
differ materially. In particular, this release contains forward-looking information relating to, among other
things, the ability of Company to complete the financings and its ability to build value for its shareholders
as it develops its mining properties. Various assumptions or factors are typically applied in drawing
conclusions or making the forecasts or projections set out in forward looking information. Those
assumptions and factors are base d on information currently available to Starr Peak. Although such
statements are based on management's reasonable assumptions, there can be no assurance that the
proposed transactions will occur, or that if the proposed transactions do occur, will be compl eted on the
terms described above.
The forward-looking information contained in this release is made as of the date hereof and Starr Peak is
not obligated to update or revise any forward-looking information, whether as a result of new information,
future e vents or otherwise, except as required by applicable securities laws. Because of the risks,
uncertainties and assumptions contained herein, investors should not place undue reliance on forward-
looking information. The foregoing statements expressly qualify any forward- looking information
contained herein.
This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase
any securities and neither this announcement nor anything contained in it shall form the basis of any
contract or commitment. In particular, this announcement does not constitute an offer to sell, or a
solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an
offer would be illegal.
The securities referred to herein have not been and will not be registered under the Securities Act of 1933,
as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of the
United States and may not be offered or sold, directly or indirectly, within the United States, unless the
securities have been registered under the Securities Act or an exemption from the registration requirements
of the Securities Act is available.