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    SSSS.P   CA82505P1027

SHOOTING STAR ACQUISITION CORP.

(SSSS.P)
Delayed Bourse de Toronto  -  05/19 12:14:09 pm EDT
0.0650 CAD    0.00%
02/15Shooting Star Acquisition Corp. Reports Earnings Results for the First Quarter Ended December 31, 2021
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01/28Shooting Star Acquisition Corp. Reports Earnings Results for the Full Year Ended September 30, 2021
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Astor Holdings Ltd. cancelled the acquisition of Shooting Star Acquisition Corp. (TSXV:SSSS.P) in a reverse merger transaction.

05/31/2021 EDT

Astor Holdings Ltd. entered into a letter of intent to acquire Shooting Star Acquisition Corp. (TSXV:SSSS.P) in a reverse merger transaction on October 16, 2019. Shooting star has agreed to make cash payments totaling $2 million (CAD 2.6 million) to shareholders of Astor, with refundable initial deposit of CAD 0.025 million and aggregate equity payments of CAD 15 million, CAD 7.5 million of shares valued at CAD 0.25 on closing and then with a VWAP floor price of CAD 0.25 per share, CAD 7.5 million of shares upon receipt of environment impact statement. Shareholders of Astor will hold, in the aggregate, at least 30 million common shares of the resulting issuer after completion of the transaction. As of September 3, 2020, Shooting Star Acquisition Corp. signed a revised letter of intent and has agreed to assume Astor's rights and obligations under Astor's option agreement respecting the property in exchange for an aggregate cash payment to the shareholders of Astor $0.5 million (CAD 0.68 million), CAD 0.03 million of which has already been advanced to Astor as a refundable deposit; the issuance to Astor of an aggregate of 42 million new shares and the additional issuance to Astor of an aggregate of 33 million shares successful completion of an Environmental Impact Statement on the property. Concurrent to the closing Shooting Star will conduct an equity financing of up to CAD 10 million at a price of CAD 0.20 per share. Prior to closing of the transaction, Shooting Star Acquisition will conduct a financing of up to 13.3 million subscription receipts for aggregate gross proceeds of up to $2 million (CAD 2.7 million). As of September 15, 2020, Shooting Star completed the financing of the first tranche of its non-brokered private placement of up to 13.3 million subscription receipts. Upon completion of this transaction, Shooting Star will change its name to Concorde Gold Corp. or such other name as determined by Astor. The Board of Directors and management of the resulting issuer after giving effect to the transaction will be comprised of persons including Jonathan Challis as President, Chief Executive Officer and Director, Vishal Mohan as Director, Lee Graber as Director, Greg Smith as Director and Geoff Balderson as Chief Financial Officer. Eric Warren will resign as a Director of the resulting issuer. As of February 26, 2020, Shooting Star and Astor are in negotiation for an extension to the formalization of the definitive agreement. As at May 7, 2020, Shooting Star and Astor are negotiation an extension to the formalization of the definitive agreement. As at August 24, 2020, Shooting Star and Astor are in negotiation for an extension to the formalization of the definitive agreement. Closing of the transaction is subject to the approval of the TSXV and a number of conditions including change of name of Shooting Star to “Concorde Gold Corp.”, replacement of the incumbent directors and management of shooting star with the nominees of Astor, completion of a satisfactory due diligence, entering into of a definitive agreement and the completion of a financing acceptable to both Shooting star and Astor. As of November 27, 2020, Shooting Star has submitted its initial listing submission pursuant to TSXV Policy 2.4 – Capital Pool Companies. Astor Holdings Ltd. cancelled the acquisition of Shooting Star Acquisition Corp. (TSXV:SSSS.P) in a reverse merger transaction on May 31, 2021. Shooting Star confirms that on May 7, 2021, it received conditional approval respecting the Transaction (the “Conditional Approval”) from the TSX Venure Exchange. However, the conditions set forth under the Conditional Approval could not be satisfied on a timely basis and, as a result, the Company’s proposed Qualifying Transaction will not proceed. All funds raised through the Company’s offering of subscription receipts at a price of CAD 0.15 per subscription receipt will be returned to the investors who participated in the Offering, subject to customary deductions made pursuant to the terms of the subscription receipts.


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Financials
Sales 2021 - - -
Net income 2021 -0,17 M -0,13 M -0,13 M
Net cash 2021 0,03 M 0,02 M 0,02 M
P/E ratio 2021 -0,81x
Yield 2021 -
Capitalization 0,16 M 0,13 M 0,13 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float -
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Managers and Directors
Geoffrey Balderson President, CEO, CFO, Secretary & Director
Eric Warren Independent Director
Gregory P. Smith Independent Director
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