Arctic Star Exploration Corp V.ADD

Alternate Symbol(s): ASDZF

Metals & Mining Industrial Metals & Minerals

Arctic Star Exploration Corp. is a natural resource company. The Company is a diamond explorer engaged in the acquisition, exploration, and development of mineral properties. Its projects include Diagras Diamond Project and Timantti Diamond Project. Diagras Diamond Project is located in the north-eastern part of the prolific Lac de Gras kimberlite field, approximately 22 kilometers (km) north-northeast of the Diavik diamond mine and 36 km east of the Ekati diamond mine in the northwestern territories of Canada. Diagras Property consists of 58 contiguous claims with an area of approximately 48,346 hectares. The Timantti Project is located in Finland, approximately 17 km away from the town of Kuusamo. The Timantti project, owned 100% by the Company, consists of two Exploration permits, the 243 Ha Exploration Solavaara Permit and the 882 Hectares Vaimouso permit totaling 1125 Ha. The Project is also comprised of two Diamond Bearing Kimberlites: the Black Wolf and White Wolf Kimberlite.

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Arctic Star Exploration Corp > hope this is not a cheque swapping angle

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Comment by Bigoil2113on Aug 22, 2022 5:17pm

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Post# 34912521

RE:hope this is not a cheque swapping angle

https://stockhouse.com/news/press-releases/2022/04/14/arctic-star-announces-closing-of-second-tranche-unit-private-placement-and-units

All securities issued in connection with the second tranche of the Private Placement are subject to a statutory hold period expiring on August 9, 2022 in accordance with applicable securities legislation.

Together with the first tranche Private Placement that closed on March 10, 2022, the Company has to date sold and issued an aggregate:

20,858,287 Non-FT Units for gross proceeds of $1,460,080.09 and, further to the re-allocation of the Units, the balance to be sold under the Private Placement is 10,570,285 Non-FT Units ($739,919.95).
6,725,000 FT Units for gross proceeds of $538,000 and, further to the re-allocation of the Units, the balance to be sold under the Private Placement is 13,275,000 FT Units ($1,062,000).