Vancouver, Canada, November 21, 2023 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to provide an update on its warrant exercise incentive program previously announced on November 14, 2023 (the “Warrant Incentive Program”). The Warrant Incentive Program was designed to encourage the early exercise of up to 46,363,630 common share purchase warrants issued on March 16, 2023 (the “Outstanding Warrants”).

To date, holders of 15,368,864 Outstanding Warrants have committed to participate in the Warrant Incentive Program. Early exercise of such Outstanding Warrants would result in gross proceeds to the Company of $4,610,659.

We continue to move rapidly forward with the Ana Paula project. The near future has a lot of valuation growth catalysts including resource growth, de-risking studies, accelerated path-to-production and continued exploration success. The first of the catalysts, an updated mineral resource estimate, is expected this month.” commented Heliostar CEO, Charles Funk. He continued, “To maintain strength in the balance sheet to achieve these milestones the Company has looked within its share structure to minimize dilution. The Warrant Incentive Program has received significant commitments totalling $4.6 million to date. We believe it provides one of the least dilutive financing outcomes for all Heliostar shareholders. The offering Warrant Incentive Program remains open until December 8, 2023.” see & read more on
https://www.heliostarmetals.com/news-articles/heliostar-announces-4-6m-in-commitments-under-warrant-incentive-program