Stardust Solar Energy Announces $641,000 Private Placement
Stardust Solar Energy (SUNXF) has announced a non-brokered private placement offering up to 641 senior secured convertible debenture units for gross proceeds of up to $641,000. Each unit includes a $1,000 principal value debenture and warrants for the purchase of 8.55 million common shares. The company plans to use the funds from this offering primarily for its solar project in Zambia, along with general administrative expenses, marketing efforts, and working capital needs. The financing is intended to support ongoing operations and expansion initiatives.
Topics: capital raise convertible debentures private placement