Lodestar Metals increases private placement to C$1.5 million

Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) increased the size of its private placement offering from C$1 million to C$1.5 million, the company announced in a press release statement.

The offering is priced at C$0.075 per unit for the issuance of up to 20 million units. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant allows the holder to purchase one additional share at C$0.12 per share for two years from the date of issue.

The company retains the right to accelerate the warrant expiry date if its shares trade at or above C$0.15 for 10 consecutive trading days. In such cases, the expiry date would be accelerated to 30 days after the company issues an acceleration notice.

Lodestar may pay finders a fee of 6% cash and 6% share purchase warrants. Securities issued under the offering will be subject to resale restrictions for four months and one day from the date of issue.

The company plans to use proceeds for exploration and drilling on its Goldrun Project in Nevada and for working capital purposes. The offering requires acceptance from the TSX Venture Exchange.

This represents an increase from the company's previously announced private placement amounts disclosed in news releases dated September 29, 2025, and October 15, 2025.

You May Also Be Interested In

• Stifel Starts Arrowhead Pharma (ARWR) at Buy
• Autodesk establishes $2B commercial paper program
• Erasca, Inc (ERAS) files mixed shelf