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Financings

CRYPTOSTAR CORP. ANNOUNCES EXTENSION OF PRIVATE PLACEMENT OFFERING

By The Northwire Desk — AI Analysis Jan 16, 2026 · 17:01 CSTR · 0.005 Cryptostar Corp.
CSTR · Price

Executive Summary

  • CryptoStar Corp. applied to the TSX Venture Exchange to extend the closing date of its non‑brokered private placement to February 13, 2026 (or earlier).
  • The offering consists of units priced at $0.015 per unit (each unit = 1 share + 1 warrant) and common shares also at $0.015, targeting gross proceeds of up to $2,250,000.
  • Net proceeds will be used for business operations, expansion of digital infrastructure, general working capital, and evaluation of high‑performance computing (HPC) and artificial‑intelligence (AI) data‑center opportunities.

Key Details

  • Offering Structure:
  • Units @ $0.015 per Unit – each unit includes one common share and one common‑share purchase warrant.
  • Common Shares @ $0.015 per Share.

  • Gross proceeds ceiling: $2,250,000.

  • Warrant Terms:

  • Each warrant allows the holder to purchase one additional share at an exercise price of $0.05 per share.

  • Warrants are exercisable for 60 months from issuance.

  • Related‑Party Subscription:

  • A.C.N. 117 402 838 PTY LTD (50% owned by President/CEO David Jellins and CCO Amelia Jones) may subscribe for up to 102,624,235 Shares.

  • Transaction qualifies as a “related party transaction” but is exempt from formal valuation/minority‑shareholder approval under MI 61‑101 because the fair market value and consideration do not exceed 25% of CryptoStar’s market capitalization.

  • Regulatory Conditions:

  • Offering subject to TSXV approval.

  • Issued securities carry a four‑month hold period per applicable securities laws and TSXV policies.

  • Use of Proceeds:

  • Business operations and expansion of digital infrastructure.
  • General working capital, including evaluation of emerging opportunities in HPC and AI data‑center sectors.

  • Strengthening balance sheet to enhance management and operational capabilities for future growth initiatives.

  • Finder’s Fee:

  • CryptoStar may pay a finder’s fee to eligible parties, contingent upon TSXV approval and compliance with securities laws.

  • Previous Disclosures Referenced:

  • News releases dated October 15 2024 and November 28 2025 (available on SEDAR+).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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