Star Gold Corp. proposes $22.6M stock sale
Star Gold Corp. (SRGZ) plans a Regulation A offering of 113,000,000 shares of common stock at $0.25 per share, for an aggregate offering price of $22,600,000.
Rhea-AI Filing Summary
Star Gold Corp. (SRGZ) plans a Regulation A offering of 113,000,000 shares of common stock at $0.25 per share, for an aggregate offering price of $22,600,000. The entire amount is being offered on behalf of the issuer, with estimated net proceeds of $19,402,500 after offering costs.
Star Gold reports $1,931,209 in cash and cash equivalents and $2,851,738 in total assets, against $124,352 in total liabilities and $2,727,386 in stockholders' equity. It had $0 in revenues and a net loss of $824,850. Common stock outstanding totals 193,927,180 shares, traded on the OTCQB Venture Market. Within the past year, it issued 2,500,000 common shares for $50,000 via warrant exercises and 91,946,250 units in a private offering for $3,677,850.
Positive
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Negative
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Filing Explained
The filing sets out capacity for 113 million additional shares, but no completed issuance; issuance would dilute existing holders.
Star Gold's amended Form 1-A sets out an issuer offering of up to 113,000,000 common shares at the disclosed price each, with no selling-securityholder portion disclosed. It does not state that any of those offered shares have been sold or issued, so the disclosed 113,000,000 is offering capacity rather than completed dilution. If issued, the additional shares would increase the total share count and reduce existing holders' percentage ownership absent offsetting changes.
The filing gives an aggregate offering price of
The material unresolved milestone is whether the offering is qualified and the shares are subsequently sold or issued; this filing does not establish that completion state.
Key Figures
Key Terms
Regulation A regulatory
aggregate offering price financial
OTCQB Venture Market market
unregistered securities regulatory
Tier 1 regulatory
Tier 2 regulatory
Offering Details
FAQ
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