Stardust Solar Announces Non-Brokered Private Placement of Units

Core Viewpoint - Stardust Solar Energy Inc. is proceeding with a non-brokered private placement to raise up to $1,000,000 through the sale of 10,000,000 units at $0.10 per unit [1][4] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the purchase of an additional share at $0.15 for 18 months [2] - The company will pay finders' fees of up to 7.0% of gross proceeds and issue non-transferable finders' warrants to eligible finders [3] - The net proceeds will be used for expanding operations, general and administrative expenses, marketing, and working capital [4] Group 2: Debt Settlement - The company has entered into a debt settlement agreement to settle $75,000 in debts by issuing 750,000 shares at a deemed price of $0.10 per share [5] - All shares issued in the debt settlement will also be subject to a statutory hold period of four months plus a day [6] Group 3: Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment [8]