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South Star Battery Metals Corp(STSBF)
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South Star Battery Metals Announces Closing of $2.3 Million of the Non-Brokered Private Placement and Phase 1 Construction Updates

PR Newswire - Wed Nov 16, 2022

VANCOUVER, BC, Nov. 16, 2022 /PRNewswire/ - South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed the second tranche of its previously announced non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$2,326,700. The entire second tranche of the Offering was with global institutional investors who are very familiar with the battery metals and mining sectors. Net proceeds from the Private Placement will be used for exploration, development, construction activities, corporate G&A and general working capital requirements. Phase 1 commercial production is planned for Q4 2023.

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