Heliostar Announces Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, June 28, 2023 (GLOBE NEWSWIRE) — Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. (the “Lead Agent”) to act as lead agent and sole bookrunner on behalf of a syndicate of agents including PI Financial Corp. and Roth Canada, Inc. (together with the Lead Agent, the “Agents”) in connection with a “best efforts” private placement (the “Offering”) of up to 13,513,513 units of the Company (the “Units”) at a price of $0.37 per Unit (the “Issue Price”) for gross proceeds of up to $5,000,000. The Units will be offered through the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “Listed Issuer Financing Exemption”).