Canstar receives orders of over $1M for NFT offering

Executive Summary

• Canstar Resources’ $2 million non‑brokered private placement received over $1 million in firm orders for the hard‑dollar (non‑flow‑through) units on the first day of launch.
• The company is prepared to allocate the full $2 million to hard‑dollar units, with flow‑through allocations to be considered case‑by‑case.
• Canstar announced a new corporate website domain and updated email addresses for investor communications.

Key Details

• Offering Size: Up to $2 million in gross proceeds.
• First‑Day Demand: Firm orders exceeding $1 million for the hard‑dollar portion of the offering within one day of launch (Sept. 23, 2025).
• Unit Pricing & Structure:
• Non‑flow‑through (NFT) units – $0.065 per unit; each unit = 1 common share + 1 transferable warrant exercisable at $0.10 for 36 months.
• Flow‑through (FT) units – $0.085 per unit; each unit = 1 flow‑through common share + ½ warrant exercisable at $0.10 for 12 months.
• Use of Proceeds:
• FT units: Canadian exploration expenses on Newfoundland properties.
• NFT units: General corporate purposes, including exploration, working capital, and corporate development.
• Regulatory Conditions: Subject to TSX Venture Exchange acceptance and other required approvals; statutory hold period of four months + one day applies.
• Insider Participation: May occur under MI 61‑101; expected to be exempt from formal valuation/approval as fair market value will not exceed 25 % of market cap.
• Corporate Communications Update: New corporate domain launched; updated contact information:
• Juan Carlos Giron Jr., President & CEO – [email protected], 647‑557‑3442.
• Leah Dionne, Managing Director, Corporate Advisory Services, De Novo Group – [email protected], 604‑687‑2038 ext 245 (copy on financing correspondence).

Notable Quotes

“The strong first‑day response underscores investor confidence in our projects and strategy,” said Juan Carlos Giron Jr., President and CEO.