Heliostar Metals (TSE:HSTR) has released an update.
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Heliostar Metals Ltd. has announced a non-brokered private placement aiming to raise $5 million by offering common shares at $0.265 each, to fund drilling at Ana Paula and for general working capital. The offer, closing around June 18, 2024, includes shares available under different exemptions, some of which are not subject to a statutory hold period. Additionally, the company’s previously announced $20 million senior secured debt facility is unaffected and is expected to close by the end of July 2024.
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