Western Star Resources Announces Non-Brokered Private Placement for Aggregate Proceeds of CAD $555,000

June 3, 2025
· 6 min read

June 3rd, 2025 - Western Star Resources Inc. (CSE: WSR) (the “Company” or “Western Star”) is pleased to announce that it intends to complete a non-brokered Private Placement (the "Private Placement") of up to 3,700,000 units of the Company ("Units") at a price of $0.15 per Unit for aggregate gross proceeds of up to $555,000.

Each of the units will consist of one common share and one share purchase warrant which is exercisable at $0.30 for two years. The warrants will be subject to an acceleration clause which states: Pursuant to the financing, in the event the Company's share price closed at a price of CAD$0.40 per share for a period of 10 consecutive trading days on the CSE Canadian Securities Exchange, the Company may accelerate the term of the Eligible Warrants to a period of 30 days commencing 7 days after the last premium trading day with notice given to the warrant holders in writing or by news release. All securities issued under the Offering and including Warrants will be subject to a four (4) month holding period.

The Company intends to use the net proceeds to define high priority drill targets at its flagship Western Star Project, general working capital and market awareness. The Private Placement remains subject to receipt of all required approvals, including the approval of the CSE, as well as execution of formal documentation.

Blake Morgan, CEO