Not much money raised, salaries will eat most of this money.
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 | Canstar Announces Corporate Update |
(TheNewswire)
Toronto, Ontario – TheNewswire - December 27, 2023 – CANSTAR RESOURCES INC. (TSXV:ROX ) & ( OTC:CSRNF) (“Canstar” or the "Company"), is pleased to announce its intention to complete non-brokered private placement financings (the “Offering”) for total gross proceeds of up to $735,000, consisting of up to 10,000,000 hard dollar units (“Hard Dollar Units”) of the Company at a price of $0.03 per Hard Dollar Unit, up to 8,000,000 charity flow-through units (“FT Units”) at a price of $0.0325 per FT Unit, and up to 5,000,000 of Critical Minerals Exploration Tax Credit (“CMETC”) charity flow-through units (“CMETC FT Units”) at a price of $0.035 per CMETC FT Unit. The Company reserves the right to increase the size of the Offering by up to 25%, subject to the approval of the TSX Venture Exchange (the “Exchange”). In addition, the Company announces management changes coinciding with the private placements, as well as the nomination of J. Paul Austin III to the Company’s board of directors.