Canstar Announces Warrant Exercise Incentive Program

Core Points - Canstar Resources Inc. announces a warrant exercise incentive program for 10,357,369 outstanding common share purchase warrants [1][2] - The incentive program aims to encourage early exercise of warrants during a 30-day period from August 26, 2025, to September 25, 2025 [2] - Each holder exercising an eligible warrant during the incentive period will receive an additional common share purchase warrant at an exercise price of $0.07 for 12 months [3] Incentive Program Details - The program includes an "Acceleration Event" if the closing price of the company's shares exceeds $0.10 for ten consecutive trading days, allowing the company to accelerate the expiry of the incentive warrants [4] - Incentive warrants will be issued promptly after the incentive period ends, subject to a statutory hold period of four months and one day [5] - Unexercised eligible warrants will remain exercisable until January 23, 2026, but no incentive warrants will be issued for those exercised after September 25, 2025 [6] Company Overview - Canstar Resources Inc. is focused on critical minerals and gold, with projects including the Golden Baie Project and the Buchans and Mary March projects [8]