Star Copper Finalizes $2.5 Million Private Placement

Star Copper Corp., a company involved in developing copper resources, has completed a non-brokered private placement. This transaction involved the issuance of 10,000,000 units at $0.25 per unit, resulting in gross proceeds of $2,500,000. Each unit comprises one common share and one warrant to acquire an additional share at $0.32 within 24 months.

The raised funds will be directed towards project evaluation, working capital, and meeting existing property commitments. An insider participated by purchasing 200,000 units, which aligns with regulatory exemptions under MI 61-101, as it doesn't exceed 25% of the company's market capitalization.

Securities from this offering are under a four-month statutory hold. The securities are not registered under the U.S. Securities Act of 1933 and will not be offered in the U.S. without registration or exemption.