Astra Exploration Announces Closing of C$6.25 Million Bought Deal Private Placement, Including Partial Exercise of the Underwriters' Option

Core Points - Astra Exploration Inc. has successfully closed a private placement of 10,080,690 common shares at a price of C$0.62 per share, raising gross proceeds of C$6,250,027.80 [1][2] - The net proceeds from the offering will be utilized for exploration expenditures on the La Manchuria project and for general working capital [3] - The offering was led by Cormark Securities Inc. as the lead underwriter, along with Beacon Securities Limited and Research Capital Corporation [2] 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 [10] - The La Manchuria project in Santa Cruz, Argentina, is a high-grade gold and silver deposit where Astra has an option to acquire a 90% interest [11] - The company also owns the Pampa Paciencia project in northern Chile and the Cerro Bayo project, both of which are located in mineral-rich regions with significant geological similarities to other major deposits [12][13]