Stardust Solar Announces Non-Brokered Private Placement of Units

Executive Summary

• Stardust Solar Energy Inc. announced a non‑brokered private placement of up to 10,000,000 units at $0.10 per unit, targeting gross proceeds of $1,000,000.
• Each unit includes one common share and one warrant to purchase an additional share at $0.15 for 18 months; finders’ fees and warrants of up to 7 % may also be issued.
• The company entered into a debt settlement agreement issuing 750,000 shares (valued at $0.10 each) to settle $75,000 of legal services debt with an arm’s‑length creditor.

Key Details

• Private Placement Structure
• Up to 10,000,000 units; each unit = 1 common share + 1 transferable warrant.
• Unit price: $0.10, total potential gross proceeds $1,000,000.
• Warrants allow purchase of one additional share at $0.15 per share, exercisable for 18 months from closing.
• Finders’ Compensation
• Finders’ fees up to 7 % of gross proceeds for subscribers introduced by eligible finders.
• Eligible finders may receive non‑transferable warrants equal to up to 7 % of units sold, each warrant exercisable at $0.15 per share for 18 months.
• Use of Net Proceeds
• Expansion of operations, general and administrative expenses, marketing, and working capital.
• Closing Conditions
• Subject to corporate and regulatory approvals (including TSX‑V), statutory hold period of four months + one day on all securities issued.
• No minimum subscription amount; closing may occur in one or more tranches.
• Debt Settlement Agreement
• Settlement of $75,000 legal services debt with an arm’s‑length creditor.
• Issuance of 750,000 common shares at a deemed price of $0.10 per share to the creditor.
• Shares subject to the same statutory hold period (four months + one day) and regulatory approvals.
• Regulatory Disclaimers
• Offering not an offer or solicitation in the United States; securities not registered under U.S. law.
• Forward‑looking statements included with standard risk warnings.

Notable Quotes

(No executive quotes were provided in the release.)