South Star Battery Metals Corp. has closed the second tranche of its Unit Offering, raising C$2,432,135. Each Unit consists of a Share and a Warrant, with the option to accelerate the expiry date. The net proceeds will be used for exploration, development, and working capital. The Company plans to close more tranches soon, pending regulatory approval. Insiders purchased 4,226,667 Units in this tranche. The Company will seek shareholder approval for Mr. Tiago Cunha to become a control person. South Star focuses on battery-metals projects in the Americas, with successful graphite production at the Santa Cruz Project in Brazil and plans for the BamaStar Project in Alabama.
Read more at GlobeNewswire: South Star Announces Closing of Second Tranche of
