Starcore Closes Private Placement

Core Points - Starcore International Mines Ltd. has successfully closed a non-brokered private placement, raising $5,000,000 through the issuance of 20,000,000 units at a price of $0.25 per unit [1] - Each unit consists of 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 [1] - The company has paid $92,099.79 in finders' fees and issued 368,399 finders' warrants, which expire within one year [2] - All securities from this financing are subject to a hold period of four months plus one day [2] - Starcore has a total of 89,863,517 common shares issued and outstanding [2] Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and has exploration and development projects across North America and Côte d'Ivoire [3] - The company emphasizes Corporate Social Responsibility and aims to make value-driven decisions to enhance long-term shareholder value [3]