Dark Star Minerals increases financing to $350,000

Executive Summary

• Dark Star Minerals Inc. has increased the size of its non-brokered private placement to up to 7 million units at $0.05 per unit, targeting total gross proceeds of $350,000.
• The company has closed the first tranche of the offering, issuing 2.05 million units for aggregate gross proceeds of $102,500.
• The remaining portion of the offering is anticipated to close in the next few weeks, with proceeds from the initial tranche designated for general working capital.

Key Details

• Offering Size Increase: The non-brokered private placement was increased to allow up to 7,000,000 units at $0.05 per unit.
• Target Proceeds: The increased offering targets aggregate gross proceeds of $350,000.
• First Tranche Closing:
  • Units Issued: 2,050,000 units.
  • Price Per Unit: $0.05.
  • Gross Proceeds: $102,500.
  • Basis: Pursuant to the news release dated Sept. 9, 2025.
• Anticipated Closing: The remainder of the offering is expected to close in the next few weeks.
• Security Structure:
  • Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Exercise Price: $0.075 per warrant share.
  • Warrant Term: Two years following closing.
• Use of Proceeds: Proceeds from the initial tranche are to be used for general working capital.
• Statutory Hold: All securities issued in the initial tranche are subject to a statutory hold period expiring four months and one day from the date of issue.
• Finders' Fees and Warrants:
  • Cash Fees Paid: $8,200 aggregate cash finders' fees.
  • Finders' Warrants Issued: 164,000 warrants.
  • Finder's Warrant Exercise Price: $0.075 per finder's warrant share.
  • Finder's Warrant Expiration: Sept. 19, 2027.