Starcore International Mines Ltd. Announces Private Placement

Group 1 - Starcore International Mines Ltd. has approved a non-brokered private placement for gross proceeds of up to $5,000,000, consisting of up to 20,000,000 units priced at $0.25 per unit [1] - Each unit includes one common share and one-half of a transferable common share purchase warrant, with the whole warrant exercisable for two years at a price of $0.35 per share, contingent on the share price reaching $0.50 for 10 consecutive trading days [1] - The proceeds will primarily be used for bulk sampling and the development of the Tortilla Project [2] Group 2 - The private placement is subject to acceptance by the Toronto Stock Exchange and required regulatory approvals, with a hold period of four months plus one day after the closing date for the issued securities [3] - The company may pay finders' fees to certain finders for their efforts related to the financing, and certain insiders may participate in this financing [2] Group 3 - Starcore International Mines is focused on precious metals production, particularly in Mexico, and has expanded its operations internationally, including a project in Côte d'Ivoire [4] - The company emphasizes Corporate Social Responsibility and aims to make value-driven decisions to enhance long-term shareholder value [4]