Core Viewpoint - Glenstar Minerals Inc. successfully closed a private placement offering, raising a total of approximately $3.48 million through the issuance of 5,122,235 units at a price of $0.68 per unit [1][5]. Group 1: Offering Details - The offering consisted of 4,500,000 units initially, with an over-allotment option exercised for an additional 622,235 units, resulting in total gross proceeds of $3,483,119.80 [1]. - Each unit includes one common share and one warrant, with each warrant allowing the purchase of an additional common share at a price of $0.85 until August 26, 2027 [2]. - A cash commission of 7% of the proceeds was paid to the agent, along with non-transferable warrants for the purchase of 358,556 common shares at $0.68 per share until August 26, 2027 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for drilling at the Green Monster Property, trenching at the Wild Horse Property, and additional exploration activities at both properties, as well as for general administrative expenses and working capital [5]. Group 3: Regulatory Compliance - The units were offered under National Instrument 45-106, which provides prospectus exemptions, and the securities issued are not subject to a hold period under Canadian securities laws [4].