Lodestar Metals increases private placement to C$1 million

Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) has increased its private placement offering from C$500,000 to C$1,000,000 in gross proceeds due to investor demand, according to a company statement.

The offering is priced at C$0.075 per unit for up to 13,333,333 units. Each unit consists of one common share and one-half share purchase warrant. The warrants allow holders to purchase additional shares at C$0.12 each for two years from issuance.

The company may accelerate the warrant expiry date if shares trade at or above C$0.15 for 10 consecutive trading days. Lodestar may pay finders' fees of 6% in cash and 6% in warrants. Securities from the offering will have a six-month resale restriction.

Proceeds will fund exploration and drilling at the company's Goldrun Project in Nevada and working capital. The offering requires TSX Venture Exchange approval.

The company completed a share consolidation on October 20, 2025, combining two pre-consolidation shares into one post-consolidation share. Following the consolidation, Lodestar has 23,668,250 shares outstanding. The new CUSIP number is 54020J200 and ISIN number is CA54020J2002.

Registered shareholders will receive transmittal letters with instructions for exchanging certificates. Non-registered shareholders require no action for the consolidation to take effect.

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