Western Star Resources Inc. Amends Previously Announced Private Placement

Core Viewpoint - Western Star Resources Inc. has amended the terms of its non-brokered private placement to raise up to $1,500,000 through the issuance of units, which will support its exploration initiatives and working capital needs [1][2][3]. Private Placement Details - The company plans to issue up to 10,000,000 units at a price of $0.15 per unit, with each unit consisting of one common share and one warrant [2][25]. - Each warrant will allow the holder to purchase an additional common share at $0.30 for 24 months [2]. Use of Proceeds - The net proceeds from the private placement will be used to define high-priority drill targets at the Western Star Project, advance critical metals initiatives in Nevada, and for general working capital and market awareness [3][28]. Strategic Asset - Rowland Property - The Rowland Property is a past-producing tungsten mine, critical for various industries, with the U.S. heavily reliant on imports for tungsten [3][28]. - The property has historical production data, including shipments of ore with 3.38% WO₃ and additional production between 1954-56 [5][28]. - The project has significant exploration upside, as it remains under-explored with modern techniques [5][28]. Regulatory and Approval Aspects - The issuance of securities in the private placement will exceed 100% of the company's current issued shares, requiring shareholder approval [25]. - The private placement is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange [26]. Company Overview - Western Star Resources is focused on mineral exploration and development, aiming to enhance shareholder value through cost-effective exploration and strategic partnerships [32].