South Star Battery Metals Concludes Second Tranche of Private Placement

South Star Battery Metals Corp. has announced the completion of the second tranche of its non-brokered private placement. The company raised US$1,312,528 (CA$1,837,538.78) in this tranche, contributing to a total of US$2,120,550.55 (CA$2,968,769.62) from the entire placement. The funds will support exploration, development, production, and corporate functions.

The second tranche involved issuing 3,052,390 units, each priced at US$0.43, and included warrants exercisable at US$0.89 for five years. An acceleration clause is applicable if trading conditions allow. The placement is subject to standard closing requirements, including TSX Venture Exchange approval.

Insiders contributed US$812,528 for 1,889,600 units, qualifying as a related transaction under Multilateral Instrument 61-101. The company invoked exemptions, as the transaction did not exceed 25% of its market capitalization.