Cryptostar (TSE:CSTR) has released an update.
CryptoStar Corp. has successfully concluded the first part of its private placement, raising $720,500 through the issuance of over 14 million shares and warrants, with the proceeds aimed at expanding its cryptocurrency mining equipment and general capital needs. The private placement was conducted under the Canadian listed issuer financing exemption, which allows the securities to be free from the usual hold period. Additionally, CryptoStar paid a finder’s fee in cash and securities to facilitate the offering.
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