Dark Star Minerals (CSE:BATT) is looking to raise C$337,500 ($343,000) via a private placement to fund its Canadian uranium exploration activities.
The company plans to sell up to 4.5 million flow-through units priced at C$0.075 per unit. Each unit consists of one common share plus one share purchase warrant exercisable at C$0.10 per share for three years.
Dark Star says the gross proceeds will be used to incur resource exploration expenses.
The company recently optioned the Lamont Lake Uranium Project located in Northern Saskatchewan, Canada, to diversify its portfolio. It also holds exploration projects in Namibia.
Dark Star Minerals is an exploration company focused on the strategic acquisition and advancement of uranium and critical mineral resources.
Write to Jackson Chen at Mining.com.au
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