Astra Exploration Announces $5 Million Bought Deal Financing with Participation from Michael Gentile and Key Shareholders

Core Viewpoint - Astra Exploration Inc. has announced a $5 million bought deal financing agreement to raise funds for exploration and working capital purposes [1][2]. Group 1: Financing Details - The company will issue 8,065,000 shares at a price of C$0.62 per share, resulting in gross proceeds of C$5,000,300 [1]. - Underwriters have an option to purchase an additional 3,226,000 shares at the same issue price, potentially raising an additional C$2,000,120 [2]. - The offering is expected to close on or about October 8, 2025, subject to compliance with applicable securities laws [6]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for exploration expenditures on the La Manchuria project and for general working capital [2]. Group 3: Company Overview - Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focusing on high-quality projects in key mining jurisdictions in Latin America [9]. - The La Manchuria project in Argentina is a high-grade gold and silver deposit located in a prolific mining area [10]. - The company also owns the Pampa Paciencia and Cerro Bayo projects in Chile, both of which are situated near major operating mines and have significant geological similarities to other successful deposits [11][12].