South Star Battery Metals Corp. announces non-brokered private placement 6,944,444 common shares at a price of CAD 0.72 per share for gross proceeds of CAD 4,999,999.68 on December 14, 2023. The company's management believes the Private Placement will be fully subscribed.

The closing of the transaction is subject to the approval of the TSX Venture Exchange. The securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Company may, in its sole discretion, exercise an over-allotment option pursuant to which it may increase the size of the Private Placement by up to 15%.