Starr Peak Mining Ltd. announced a non-brokered private placement of 2,879,743 flow-through units at an issue price of CAD 0.95 per unit for gross proceeds of CAD 2,735,755.85 on August 16, 2022. Each unit consists of one flow-through common share and one-half of one share purchase warrant, with each whole share purchase warrant entitling the holder to acquire an additional common share of the company at a price of CAD 1.40 per share for a period of 18 months. The company has also paid up to 6% finder's fees to two finders in the transaction. All securities issued in the transaction have a hold period expiring December 16, 2022.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 5 placees. The company paid finder's fee of CAD 53,085 overall, including Laurentian Bank Securities, Inc. for CAD 32,025.05 in cash and MFL Management Limited for CAD 21,090 in cash. The company also paid CAD 14,363 issuance costs with respect to the transaction.