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Starmet Ventures Inc ( (TSE:STAR) ) has issued an announcement.
Starmet Ventures Inc. has announced an extension of its non-brokered private placement closing date to raise up to $2 million by issuing 40 million units at $0.05 per unit. This extension, now set to close by April 1, 2025, aims to allow more investors to participate, with proceeds intended for general working capital. The offering is subject to regulatory approval and includes a statutory hold period for shares issued. The company is navigating regulatory requirements related to issuing more than 100% of its share capital, relying on written resolutions to meet securityholder approval.
More about Starmet Ventures Inc
Starmet Ventures Inc. is engaged in the exploration of mineral resource properties, focusing on locations in Esmeralda County, Nevada, and Ear Falls, Ontario. The company’s goal is to identify and develop economically viable mineral resources through exploration programs.
Technical Sentiment Consensus Rating: Buy
For detailed information about STAR stock, go to TipRanks’ Stock Analysis page.