Starr Peak Announces Closing of First Tranche of Private Placement
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STARR PEAK EXPLORATION LTD.
Starr Peak Announces Closing of First Tranche of Private Placement
VANCOUVER, BRITISH COLUMBIA – (March 17, 2020) – Starr Peak Exploration Ltd. (“Starr
Peak” or the “Company”) (TSX Venture: STE)(OTC: LSGEF) is pleased to announce that it has closed
the first tranche of its private placement which was previously announced on February 13, 2020. The
Company has issued 1,496,701 units at $0.30 per unit for gross consideration of $ 449,010. Each unit
consists of one common share and one share purchase warrant with each share purchase warrant entitling
the holder to acquire an additional common share of the Company at a price of $0.75 per share for a period
of 24 months from closing. The Shares and Warrants are subject to a hold period expiring July 18, 2020.
In connection with the closing the Company paid a finder’s fee of 6% cash to certain finders.
Proceeds from the financing will be used for exploration costs and general working capital. The
Company expects to complete the remaining portion of the private placement in the near future.
On Behalf of the Board of Directors of Starr Peak Exploration Ltd.
“Johnathan More”
Johnathan More
Chief Executive Officer
646-661-0409
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined i n policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.
STARR PEAK EXPLORATION LTD.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The
securities being offered have not been, and will not be, registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United
States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities
Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based on current expectations, including the use of funds
raised under the Of fering. These statements should not be read as guarantees of future performance or results.
Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results,
performance or achievements to be materially differe nt from those implied by such statements. Although such
statements are based on management's reasonable assumptions, Power Metals assumes no responsibility to
update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward- looking statements
are based are reasonable, undue reliance should not be placed on the forward- looking statements because the
Company can give no assuranc e that they will prove to be correct. Since forward -looking statements address
future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements
speak only as of the date of this press release. Actual result s could differ materially from those currently
anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure
documents which can be found under the Company's profile on www.sedar.com.
This press release contains "forward -looking statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-
looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.