Lodestar Metals Announces Private Placement Offering of $1,500,000
Rhea-AI Summary
Lodestar Metals (OTC: SVTNF) announced a non‑brokered private placement of 7,500,000 units at $0.20 for gross proceeds of $1,500,000 on January 21, 2026. Each Unit comprises one common share and one warrant exercisable at $0.30 for 18 months. Finder arrangements with Integrity Capital Group allow up to 8% cash commissions and 8% finder’s warrants (or 3%/3% for company‑identified investors); finders’ warrants exercise at $0.20 for 18 months. Proceeds are earmarked for exploration and drilling on the Gold Run Property and for working capital. All securities are subject to a hold period of four months plus one day and the Offering is subject to TSXV acceptance. Securities are not registered for sale in the United States.
Positive
- $1.5M gross proceeds to fund exploration
- Units include warrants exercisable at $0.30 for 18 months
- Finder terms allow placement support via Integrity Capital Group
Negative
- Issuance of 7,500,000 units may materially dilute existing shareholders
- Finder fees of up to 8% cash and 8% warrants increase financing cost
- Securities are not registered in the U.S., limiting U.S. investor participation
News Market Reaction – SVTNF
In the Jan 21 session, SVTNF declined 13.71%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Lodestar Metals Corp. (TSXV: LSTR) (OTC Pink: SVTNF) ("Lodestar" or the "Company"), a junior exploration company focused on unlocking world class gold potential in Nevada, is pleased to announce a non-brokered private placement financing of 7,500,000 units of the Company ("Units") at a price of
Each Unit under the Offering will consist of one common share and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one additional share at a price of
The Company has engaged Integrity Capital Group Inc. ("Integrity") to act as a finder in connection with the Offering. Integrity may pay a finder's fee to Integrity, being a cash commission of up to
All securities issued under the Offering, including securities issuable on the exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance.
The proceeds of the Offering will be used for exploration and drilling activities on the Gold Run Property as well as working capital purposes.
The Offering is subject to the acceptance of the TSX Venture Exchange.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the drill-ready Goldrun Project in Nevada, strategically located on a major Carlin-style gold trend and adjacent to some of the largest gold deposits in North America. With decades of combined geological and capital markets expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy is clear: focus capital on high-value targets, move quickly on known mineralization, and build a compliant gold resource that delivers lasting shareholder value. For more information, please visit www.lodestarmetals.ca.
CONTACT
Lodestar Metals Corp.
Lowell Kamin
President, CEO
(416) 272-1241
lowell@lodestarmetals.ca
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281062