Western Star Resources Inc. Closes Final Tranche of Private Placement

Core Viewpoint - Western Star Resources Inc. has successfully closed the final tranche of its non-brokered private placement, raising a total of $555,000 through the issuance of 3,700,000 units [1][2]. Group 1: Private Placement Details - The final tranche consisted of 1,070,667 units issued at a price of $0.15 per unit [1]. - Each unit includes one common share and one share purchase warrant, which can be exercised at $0.30 per share until June 24, 2027 [2]. - An acceleration clause allows the company to shorten the warrant term if its share price reaches CAD$0.40 for 10 consecutive trading days [2]. - A finder's fee of $1,200 in cash and 8,000 broker warrants was paid to Ventum Financial Corp [2]. Group 2: Use of Proceeds - The net proceeds from the private placement will be used to define high-priority drill targets at the Western Star Project, along with general working capital and market awareness [3]. Group 3: Stock Options - The company has granted 1,000,000 incentive stock options to its officers, directors, and contractors, exercisable at $0.18 per share for three years [4]. Group 4: Company Overview - Western Star is a mineral exploration and development company focused on increasing shareholder value through cost-effective exploration and partnerships [6]. - The company owns nine non-surveyed contiguous mineral claims totaling 2,797 hectares in the Revelstoke mining division of British Columbia [6].