other material
confidence high
sentiment neutral
materiality 0.60
Star Gold closes $3.68M private placement of units at $0.04/unit with warrants
Star Gold Corp.
- Issued 91,946,250 units at $0.04/unit, each unit = 1 share + warrant to buy 0.5 share at $0.08 for 12 months.
- Proceeds of $3,677,850 from a mix of debt conversion and new capital.
- Offering included 40 investors: 38 accredited and 6 affiliates (CFO and all 3 board members).
- Private placement exempt under Section 4(a)(2) and Rule 506(b) of Regulation D.