Starlo Ventures closes $750,000 private placement

Executive Summary

• Starlo Ventures Ltd. closed a non‑brokered private placement of 15 million units at $0.05 per unit, generating $750,000 in gross proceeds.
• Each unit includes one common share and one common share purchase warrant exercisable at $0.05 per share until November 6, 2028.
• Net proceeds will be used for general corporate working capital.

Key Details

• Placement Size: 15 million units (each = 1 common share + 1 warrant).
• Price per Unit: $0.05.
• Gross Proceeds: $750,000.
• Warrant Terms: Exercise price $0.05 per share; exercisable until November 6, 2028.
• Shareholder Approval: Written consent from shareholders holding 79 % of issued and outstanding shares, per Canadian Securities Exchange policies.
• Statutory Hold Period: Securities subject to hold period expiring March 7, 2026.
• Use of Proceeds: General corporate working capital.

Notable Quotes

(No quotes provided in the release.)