Glenstar Minerals Inc. has increased the size of its private placement offering to raise up to $3.06 million by issuing 4.5 million units at $0.68 each, driven by strong investor demand. Each unit includes one common share and one warrant exercisable at $0.85 for 24 months. Additionally, the company granted the agent an option to sell up to 675,000 more units, potentially raising an extra $459,000. The offering price for compensation options was also adjusted to $0.68 to align with the unit price.

The proceeds will fund an expanded and accelerated drilling program at Glenstar’s Green Monster Property, trenching at the Wild Horse Property, further exploration activities, and general corporate expenses. The offering targets Canadian and select international investors under applicable exemptions and is expected to close in August 2025, subject to customary conditions and regulatory approvals. Glenstar cautions that forward-looking statements involve risks and uncertainties that could affect outcomes.