Starr PEAK Announces $1,000,000 Flow-Through Financing
STARR PEAK ANNOUNCES $1,000,000 FLOW-THROUGH
FINANCING
Vancouver, British Columbia – July 17, 2020 – Starr Peak Exploration Ltd. ("Starr Peak"
or the "Company") (TSX VENTURE:STE) (OTC:STRPF) is pleased to announce a
$1,000,000 non-brokered private placement of flow-through units.
The flow through funding will consist of 666,667 flow through units (“FT Units”), priced at
$1.50 each for gross proceeds of $1,000,000. 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 Common 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 $2.00.
On June 1, 2020, the Company expanded its NewMétal property (“NewMétal” or “the Property”)
in northwestern Quebec where a block of claims are directly adjacent to and on trend to Amex
Exploration Inc.’s Perron project on its eastern side where Amex is currently drilling towards. It
is also adjacent to past producing Normétal Mine. The geology underlaying the newly expanded
land package is comprised of felsic and intermed iate volcanic and felsic plutonic rocks of the
Normétal formation and is highly prospectiv e for gold-rich VMS mine ralization and orogenic
gold mineralization.
With these funds Starr Peak plans to complete an initial program of compilation, prospecting,
geological mapping, airborne EM survey and high-resolution MAG drone geophysics in summer
and fall of 2020 in order to prepare for an inaugural winter drilling campaign.
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 pl acement 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 expl oration 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 deve lop high potential and quality gold deposits and
projects in the Americas. The Company is co mmitted to create long term shareholder value
through mineral discoveries.
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 mat erially. In particular, this release c ontains forward-looking information
relating to, among other things, the ability of Company to complete the financin gs and its ability to build
value for its shareholders as it develops its mini ng properties. Various assumptions or factors are
typically applied in drawi ng conclusions or making the forecasts or projections set out in forward-
looking information. Those assumptions and factors are based on information currently available to Starr
Peak. Although such statements are based on man agement's reasonable assumptions, there can be no
assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be
completed 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-l ooking information, whether as a result of new
information, future events or otherw ise, except as required by applic able securities laws. Because of the
risks, uncertainties and assumptions contained h erein, investors should not place undue reliance on
forward-looking information. The foregoing st atements 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 ha ve not been and will not be registered under the Securities Act of
1933, as amended (the "Securities Act"), or under the secu rities laws of any state or other jurisdiction of
the United States and may not be offered or sold, direc tly 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.
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.