Western Star Resources Announces Non-Brokered Private Placement for Aggregate Proceeds of CAD $1,500,000 With Lead Order of $700,000

Executive Summary

• Western Star Resources Inc. announced a non‑brokered private placement of up to 7,500,000 units at $0.20 per unit, targeting gross proceeds of up to $1.5 million.
• Each unit consists of one common share and one warrant exercisable at $0.35 for two years; all securities are subject to a four‑month holding period.
• Net proceeds will be used to define high‑priority drill targets on the Western Star Project, advance the company’s critical metals move into Nevada, fund general working capital, and increase market awareness.

Key Details

• Units Offered: Up to 7,500,000 units.
• Pricing: $0.20 per unit → maximum aggregate gross proceeds of $1,500,000.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.35, term 2 years).
• Holding Period: 4 months for all securities issued, including warrants.
• Use of Proceeds:
• Define high‑priority drill targets at the Western Star Project (BC).
• Complete critical metals expansion into Nevada.
• General working capital.
• Market awareness initiatives.
• Regulatory Conditions: Subject to CSE approval and execution of formal documentation.
• Contact: Blake Morgan, CEO & Director – [email protected]

Notable Quotes

(No direct quotes provided in the release.)