ProStar Holdings Inc. announces non-brokered private placement of 15,625,000 units at an issue price of CAD 0.16 per unit for gross proceeds of CAD2,500,000 on March 13, 2024. Each Unit consists of one common share of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of CAD 0.22 per common share for a period of 36 months from the closing date of the Offering.

The transaction will include participation from directors and officers of the company. The securities issued in the Offering will be subject to applicable hold periods imposed under applicable securities legislation, including a hold period of 4 months and one day from the date of issuance. The Offering remains subject to regulatory approval and the approval of the TSX Venture Exchange (the ?TSXV?).