Lodestar Metals Closes Third and Final Tranche of Financing

Core Viewpoint - Lodestar Metals Corp. has successfully closed the third and final tranche of its non-brokered private placement financing, raising a total of $1,500,000 through the issuance of 19,999,998 units, which will support its exploration efforts at the Goldrun Project in Nevada [1][2][4]. Financing Details - The third tranche involved the issuance of 1,678,263 units at a price of $0.075 per unit, generating gross proceeds of $125,869.73 [1][2]. - Each unit consists of one common share and one-half of a share purchase warrant, with the warrants allowing the purchase of additional shares at $0.12 for two years [2]. - The total cash fee paid to finders for the third tranche was $3,776.09, along with the issuance of 50,348 Finder's Warrants [3]. Use of Proceeds - Proceeds from the offering will be allocated for exploration and drilling activities at the Goldrun Project, as well as for general working capital [4]. Shareholder Update - Mr. Andy Chow acquired a total of 3,523,065 units through the offering, increasing his ownership to approximately 9.59% of the company's issued shares on a non-diluted basis [5]. Marketing Engagement - The company has entered into a digital marketing agreement with InvestorHyve for three months at a rate of $5,000 per month, aimed at enhancing market visibility and investor awareness [8][9]. Company Overview - Lodestar Metals Corp. is focused on advancing the Goldrun Project in Nevada, which is strategically located on a major gold trend and aims to build a compliant gold resource that delivers long-term shareholder value [11].