Starr Peak Announces Extension of Private Placement
Starr Peak Announces Extension of Private Placement
VANCOUVER, BRITISH COLUMBIA – Apr il 24, 2020 – Starr Peak Exploration
Ltd. ("Starr Peak " or the " Company") (TSX VENTURE:STE)(OTC:LSGEF) announces that
due to the COVID-19 pandemic and further to its news release dated March 17, 2020 announcing
closing of the first tranche of its private placement of units at $0.30 per unit, it has received a
second extension from the Exchange for closing of the remaining portion of the private placement,
which it anticipates closing within the next 30 days.
Proceeds from the financing will be used for exploration and general working capital.
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
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
the content of this news release.
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 Offering. 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 different 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 assurance 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 results 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 onwww.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.