Western Star Resources Announces Non-Brokered Private Placement for Aggregate Proceeds of CAD $555,000

Core Viewpoint - Western Star Resources Inc. is initiating a non-brokered Private Placement to raise up to $555,000 through the issuance of 3,700,000 units priced at $0.15 each, aimed at funding exploration and operational activities [1][3]. Group 1: Private Placement Details - The Private Placement will consist of units that include one common share and one share purchase warrant, exercisable at $0.30 for two years [2]. - An acceleration clause is included, allowing the company to shorten the warrant term to 30 days if the share price reaches CAD$0.40 for 10 consecutive trading days [2]. - All securities issued will be subject to a four-month holding period [2]. Group 2: Use of Proceeds - The net proceeds from the Private Placement will be utilized to define high-priority drill targets at the Western Star Project, along with general working capital and market awareness initiatives [3]. Group 3: Company Overview - Western Star Resources is focused on mineral exploration and development, aiming to enhance shareholder value through cost-effective exploration and strategic partnerships [5]. - The company holds nine contiguous mineral claims totaling 2,797 hectares in the Revelstoke mining division of British Columbia, located approximately 50 kilometers southeast of Revelstoke [5].