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Insider buying in deal with 5-year warrants at South Star Battery Metals (V:STS)

Updated Monday Jun 27, 2022 03:17 AM EDT

Green Bow Capital LLC, a Director, acquired 636,363 Common Shares on a direct ownership basis at a price of $0.550 through a prospectus or prospectus exempt offering on June 23rd, 2022. The insider also acquired 636,363 Warrants with an exercise price of $1.250 for five long years. This represents a $350,000 investment into the company's shares and an account share holdings change of 65.1%.

Another insider also participated in smaller amounts.

South Star Battery Metals is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

South Star Battery Metals Corp. is a Canada-based company, which is a battery metals project developer focused on the acquisition and development of near-term production projects in the Americas. The Company is engaged in developing the Santa Cruz Graphite Project in Southern Bahia, Brazil. The Company owns interest in Santa Cruz graphite project, through its subsidiaries Brasil Graphite Corp. (BGC) and Brasil Grafite S.A.(BGSA). The Santa Cruz Graphite Project comprises of 13 mineral rights near the town of Itabela, Bahia, Brazil, totaling approximately 13,000 hectares. The mineral reserve for the Santa Cruz project includes three main ore bodies: Sao Manuel North, Sao Manuel South and Sao Rubens West. The Company is focused on industrial minerals and battery metals.

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Go to South Star Battery Metals Corp. (STS)'s company page

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