Canstar Resources Inc. closed the non-brokered private placement financing previously announced on December 27, 2023, for gross proceeds of $856,215. The company announced the appointment of Mr. Juan Carlos Giron Jr. as chief executive officer. Juan Carlos Giron Jr. brings 15 years of experience in executive management, capital markets, finance and commercial and strategic development.

He most recently served as Executive Vice President, Strategy and Capital Markets, at a Canadian-listed mining technology company and as President and CFO of a US-listed mining company operating in Nevada. Prior to focusing on the natural resources sector, Juan Carlos spent 10 years in UBSs International Division. Concurrent with closing the offering, as previously announced, Robert Bruggeman has stepped down as President and CEO.