Goldstar Minerals Inc. announced a non-brokered private placement of 8,333,333 units at a price of CAD 0.06 per unit for gross proceeds of CAD 500,000 on May 11, 2023. Each unit will consist of one common share and one purchase warrant. Each warrant shall entitle the holder to subscribe for one additional common share at an exercise price of CAD 0.12 at any time until two years after closing.

The company may pay in cash fee equal to 7% of the transaction amount. The closing of the transaction is subject to regulatory approval.