Here these clowns go again. What a fn loser company July 26, 2024 – Vancouver, British Columbia – Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) is pleased to announce a non-brokered private placement of up to 13,750,000 units (the “Units”) oc the Company at a price of $0.02 per Unit, for gross proceeds of up to $275,000 (the “Offering”).
Each Unit will be comprised of one common share in the capital of the Company (a “Share”) and one non- transferable share purchase warrant (a “Warrant”). Each Warrant is exercisable to purchase one additional Share (a “Warrant Share”) for a period of 24 months from the closing date at an exercise price of $0.08 per Warrant Share.
The Company may pay a finder’s fee on the Offering within the maximum amount permitted by the policies of the TSX Venture Exchange (“TSXV”). The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.
No Insiders (as such term is defined under the policies of the TSXV) or persons conducting investor relations activities are expected to participate in the Offering.
Closing of the Offering is subject to certain customary conditions, including, without limitation, approval of the TSXV. The securities to be issued under the Offering will be offered by way of private placement in such provinces or territories of Canada as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of closing of the Offering.
Among other costs, the Company will use the proceeds from the Offering as follows: use of proceeds will be used for exploration expenses and general working capital.