Core Viewpoint - Canstar Resources Inc. has successfully closed an oversubscribed non-brokered private placement, raising approximately $1.17 million in hard-dollar financing, primarily from institutional investors, to strengthen its balance sheet ahead of its 2026 exploration program [1][2][4]. Financing Details - The Offering raised total gross proceeds of $1,169,970.54, with $1.15 million from hard-dollar units, indicating strong demand for exploration in Newfoundland [2][4]. - Canstar has raised a total of approximately $1.67 million in hard-dollar capital in recent months, including proceeds from an early warrant exercise incentive program [3]. Use of Proceeds - Proceeds will be allocated for general corporate purposes, including exploration at the Buchans, Mary March, and Golden Baie projects, as well as working capital and corporate development activities [6][12]. - The gross proceeds from the sale of flow-through units will be used to incur Canadian Exploration Expenses on the Company's Newfoundland properties [10]. Offering Structure - The Offering consisted of 17,738,008 non-flow-through units issued at a price of $0.065 per unit, generating gross proceeds of $1,152,970.54, and 200,000 flow-through units issued at a price of $0.085 per unit, generating gross proceeds of $17,000 [8][9]. - Each non-flow-through unit includes one common share and one transferable common share purchase warrant, while each flow-through unit consists of one common share and one-half of one warrant [9]. Management Commentary - The President & CEO of Canstar emphasized the strength of the financing and the company's disciplined capital strategy, highlighting the exciting exploration opportunities at the Mary March project [5].