Polaris Northstar Capital Corp. announced a non-brokered private placement of f 10,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on April 13, 2023. Each unit will be comprised of one common share and one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.10 for a period of 24 months following the closing date of the transaction. The closing of the transaction is expected to occur on or about May 3, 2023 and is subject to receipt of all necessary regulatory approvals including the Canadian Securities Exchange. The unit shares, warrant shares and any common shares of the company that are issuable from any finder's warrants will be subject to a hold period of four months and one day in accordance with applicable securities laws.

Finder's fees will be payable in accordance with the policies of the CSE.