Lodestar Metals Closes Second Tranche of Financing

Core Points - Lodestar Metals Corp. has closed a second tranche of its non-brokered private placement financing, issuing 3,139,667 units at a price of $0.075 per unit, resulting in gross proceeds of $235,475 [1] - Each unit consists of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for two years [2] - The proceeds from the offering will be allocated for exploration and drilling on the Goldrun Project in Nevada and for working capital [4] Summary by Sections Financing Details - The second tranche of the offering involved the issuance of 3,139,667 units at $0.075 per unit, generating gross proceeds of $235,475 [1] - Each unit includes one common share and one-half share purchase warrant, with the full warrant allowing the purchase of one additional share at $0.12 for two years [2] - The company has the right to accelerate the expiry date of the warrants if the share price meets certain conditions [2] Use of Proceeds - The funds raised will be used for exploration and drilling activities on the Goldrun Project in Nevada, as well as for general working capital [4] Company Overview - Lodestar Metals Corp. is a Canadian gold exploration company focused on the Goldrun Project, which is strategically located on a major gold trend in Nevada [6] - The company aims to build a compliant gold resource that provides lasting shareholder value through a disciplined approach to discovery [6]