Western Star Resources Inc. Closes Final Tranche of Private Placement

VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Western Star Resources Inc. (CSE:WSR) ("Western Star" or the "Company") is pleased to announce the closing of the final tranche of its previously announced non-brokered private placement. In the final tranche 1,070,667 units of the Company were issued at a purchase price of $0.15 per unit. Together with the first tranche the company raised a total of $555,000 and issued 3,700,000 units.

Each unit is comprised of one common share in the capital of Western Star and one share purchase warrant, which is exercisable into one common share at an exercise price of $0.30 per share expiring June 24, 2027. The warrants will be subject to an acceleration clause which states: Pursuant to the financing, in the event the Company's share price closed at a price of CAD$0.40 per share for a period of 10 consecutive trading days on the CSE Canadian Securities Exchange, the Company may accelerate the term of the Eligible Warrants to a period of 30 days commencing 7 days after the last premium trading day with notice given to the warrant holders in writing or by news release. All securities issued under the Offering and including ...