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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (106526)4/29/2021 7:42:56 PM
From: Goose94Read Replies (2) of 202371
 
Arctic Star Exploration (ADD-V) Exploration Funds

Apr 29, '21 - NR

Arctic Star Exploration Corp. has arranged a non-brokered private placement financing of up to $800,000.

The private placement will consist of the issuance of up to eight million flow-through units of the company at 10 cents per FT unit for proceeds of up to $800,000, with each FT unit consisting of one flow-through common share of the company and one-half of one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of 20 cents for a period of 24 months following the closing date.

All of the securities issued pursuant to the private placement will be subject to a restricted period of four months and one day from the date of closing. The private placement is subject to TSX Venture Exchange approval.

The company intends to use the proceeds from the sale of the FT units to incur diamond exploration expenditures in the Diagra property located in the Northwest Territories.

The company also announces that it has granted an aggregate of four million stock options to its directors, officers and consultants for the purchase of up to four million common shares of the company pursuant to its stock option plan. Each option is exercisable for a period of five years at a price of 12 cents per common share.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.

Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca
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