Stardust Solar Closes First Tranche of Private Placement of Units

Executive Summary

• Stardust Solar Energy Inc. completed the first tranche of its previously announced non‑brokered private placement, issuing 5,105,000 units at $0.10 per unit for gross proceeds of $510,500.
• Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.15 for 18 months; finder’s fees were paid in cash ($28,700) and 287,000 warrants.
• Net proceeds are earmarked to expand operations, fund general and administrative expenses, marketing, and working capital, with additional tranches expected in the coming weeks.

Key Details

• Units Issued: 5,105,000 units @ $0.10 per unit → Gross Proceeds: $510,500.
• Unit Composition: 1 common share + 1 transferable warrant (exercise price $0.15, 18‑month term).
• Finder’s Compensation: $28,700 cash + 287,000 warrants (same exercise terms as above).
• Hold Period: Statutory hold of four months plus one day on all securities issued.
• Use of Proceeds: Expansion of operations; general and administrative costs; marketing; working capital.
• Future Funding: Company anticipates closing one or more additional tranches in the coming weeks.

Notable Quotes

(No direct quotes were provided in the release.)