Core Points - Canstar Resources Inc. has successfully received over $1 million in orders on the first day of its $2 million non-brokered private placement, indicating strong investor confidence in the company's projects and strategy [2][3] - The company has transitioned to a new corporate website and email addresses to resolve issues with its legacy domain [4][5] Financing Update - The $2 million Offering was announced on September 23, 2025, and has garnered significant interest from investors, with firm orders exceeding $1 million for the hard-dollar portion [2] - Canstar is prepared to allocate the full $2 million Offering to hard-dollar units, with flow-through allocations considered on a case-by-case basis [3] Corporate Website and Contact Information - Canstar has established a new corporate domain, www.canstarmining.com, as its official website due to technical issues with the previous domain [4] - Updated contact information for key personnel has been provided to ensure effective communication during the financing process [5] Offering Terms - The Offering aims to raise up to $2 million in gross proceeds, with all securities subject to a statutory hold period of four months and one day from the closing date [6][8] - Insiders of the company may participate in the Offering, which would be considered a related party transaction under Canadian regulations [9] Additional Offering Details - The Offering is subject to acceptance by the TSX Venture Exchange and other regulatory approvals [8] - NFT Units are priced at $0.065, consisting of one common share and one transferable warrant, while FT Units are priced at $0.085, consisting of one flow-through common share and one-half of one warrant [17]
Canstar Financing Surpasses $1M in Orders on First Day, Transitions to New Web Domain/Email Addresses to Resolve Legacy Domain Issues
Newsfileยท2025-09-24 18:24