Stardust Solar plans private placement to raise up to $3 million

Stardust Solar Energy Inc. (TSXV: SUN) announced a non-brokered private placement offering of up to 40 million units at $0.075 per unit, targeting gross proceeds of up to $3 million.

Each unit consists of one common share and one share purchase warrant. The warrants allow holders to purchase additional shares at $0.10 per share for 18 months following the offering's closing date.

The company plans to use net proceeds to repay outstanding principal and accrued interest on senior secured convertible debenture units, advance its utility-scale energy project in Zambia, and support general working capital and corporate purposes.

Stardust Solar may pay finder's fees of up to 7% of gross proceeds in cash. Finders may also receive share purchase warrants equal to 7% of units purchased by their referred subscribers, exercisable at $0.10 per share for 18 months from closing.

All securities issued will be subject to a four-month-and-one-day statutory hold period under Canadian securities laws. The offering requires regulatory approvals, including TSX Venture Exchange approval, and has no minimum subscription requirement.

Stardust Solar operates as a renewable energy company focused on solar solution installations, development, and training across international markets. The company maintains operations through franchise installations, training licenses, and technology initiatives while working with governments, utilities, and commercial stakeholders.

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