Western Star Resources Inc. announced a non-brokered private placement of up to 8,000,000 units at a price of CAD 0.08 per unit for gross proceeds for gross proceeds of up to CAD 640,000 on December 12, 2023. Each unit will be comprised of one common share and one whole common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.15 at any time up to 36 months following issuance.

The transaction included participation from insiders of the company. The company may pay finders? fees in connection with the offering in accordance with the policies and subject to the approval of the Canadian Securities Exchange.

All shares issued in connection with the offering will be subject to a statutory hold period with the following release terms - 1/3 four months and one day after the closing of the offering, 1/3 eight months following the date of issuance, and 1/3 twelve months following the date of issuance. The completion of the offering is subject to the approval of the CSE.