Stardust Solar Closes Second and Final Tranche of Private Placement of Units

Executive Summary

• Stardust Solar Energy Inc. completed the second and final tranche of its previously announced non‑brokered private placement, issuing 4,170,000 units at $0.10 per unit for gross proceeds of $417,000.
• The total capital raised under the offering now stands at $927,500.
• Proceeds will be used to expand operations and fund general & administrative, marketing, and working‑capital needs.

Key Details

• Units Issued (Second Tranche): 4,170,000 units @ $0.10 per unit → gross proceeds $417,000.
• Total Offering Proceeds: $927,500 (combined first and second tranches).
• Unit Composition: Each Unit = 1 common share + 1 transferable common‑share purchase warrant.
• Warrant Terms: Warrants allow purchase of one additional share at $0.15 per share for 18 months from closing.
• Finder’s Compensation: $19,040 cash plus 190,400 finder’s warrants (each exercisable at $0.15 per share for 18 months).
• Insider Participation: Insiders purchased units worth $25,000; transaction deemed a related‑party transaction under MI 61‑101 and exempted from formal valuation/minority‑shareholder approval requirements.
• Use of Proceeds: Expansion of operations, general & administrative expenses, marketing activities, and working capital.
• Statutory Hold Period: All securities subject to a four‑month plus one day hold period per TSX‑V rules.

Notable Quotes

(No executive quotes were provided in the release.)