Lodestar Metals Upsizes Private Placement to $1M and Announces Completion of Strategic Share Consolidation
Vancouver, British Columbia–(Newsfile Corp. – October 15, 2025) – Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) (“Lodestar” or the “Company“) announces that further to its news release dated September 29, 2025, and in response to strong investor demand, the Company has increased the size of its previously announced private placement (the “Offering“) from gross proceeds of C$500,000 to gross proceeds of C$1,000,000. The Offering is priced at C$0.075 per Post-Consolidation Unit, for the issuance of up to 13,333,333 Post-Consolidation Units.
Each Post-Consolidation Unit will consist of one (1) post-Consolidation common share of the Company (each a “Post-Consolidation Share) and one-half of one (1/2) share purchase warrant (each whole share purchase warrant, a “Unit Warrant“), with each Unit Warrant entitling the holder to purchase one additional Post-Consolidation Common Share (a “Unit Warrant Share“) at a price of $0.12 per Unit Warrant Share for a period of two years from the date of issue (the “Expiry Date“). The Company has the right to accelerate the Expiry Date if, at any time, the volume weighted average price of the Post-Consolidation Common Shares on the principal exchange or market on which the Post-Consolidation Common Shares trade is equal to or greater than $0.15 for 10 consecutive trading days (“10-Day Period“). In the event of acceleration, the Expiry Date will be accelerated to a date that is 30 days after the Company issues the acceleration notice through a news release, provided that the acceleration notice is issued within 10 business days after the end of the particular 20-Day Period.
The Company may also pay finders a fee of 6% cash and 6% share purchase warrants. The securities issued under the Offering will be subject to restrictions on resale for a period of six months from the date of issue.
The proceeds of the Offering will be used for exploration and drilling on the Company’s Goldrun Project located in Nevada as well as working capital purposes. The Offering is subject to acceptance of the TSX Venture Exchange.
Strategic Share Consolidation & Shareholder Instructions
The previously announced consolidation of the Company’s issued and outstanding common shares (the “Shares“) at a ratio of two (2) pre-consolidation Shares to one (1) post-consolidation Share (the “Consolidation“) will take effect on opening of business on October 20, 2025. The Company’s new CUSIP number is 54020J200 and its new ISIN number is CA54020J2002.
