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Golden Star Capital Ventures Closes Second Tranche of Private Placement
Vancouver, British Columbia — May 15, 2026 — Leads & Copy —
Golden Star Capital Ventures Inc. (TSX-V:BRON) has announced the closing of the second tranche of its non-brokered private placement, raising $150,000 through the issuance of 500,000 subscription receipts at $0.30 each.
The company also issued a correction to its previous disclosure regarding the closing of the first tranche, which occurred on May 6, 2026, raising $1,524,900 through the issuance of 5,083,002 subscription receipts.
To date, Golden Star has raised a total of $1,674,900 through the sale of 5,583,002 subscription receipts under the concurrent financing.
The financing is connected to Golden Star’s proposed acquisition of Okanagan Insulation Services (2007) Ltd., which will constitute Golden Star's “Qualifying Transaction” under Exchange Policy 2.4.
Upon meeting the applicable escrow release conditions, each subscription receipt will automatically convert into one common share of Golden Star.
The gross proceeds from the concurrent financing will be held in escrow by Endeavor Trust Company, pending the satisfaction of the escrow release conditions outlined in the subscription receipt agreement. If these conditions are not met within the specified timeframe, the proceeds will be returned to the subscribers.
Golden Star anticipates using the net proceeds for partial consideration of the Qualifying Transaction and for general working capital purposes, assuming the Escrow Release Conditions are met.
The concurrent financing is subject to all necessary approvals, including that of the Exchange.
The subscription receipts issued under the concurrent financing, including the shares issued upon conversion, are subject to a four-month hold period from the closing date under Canadian securities law.
An insider of the Company purchased 100,000 Subscription Receipts under the Second Tranche, constituting a “related party transaction” under TSXV Policy 5.9 and Multilateral Instrument 61-101. The Company relied on exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of the securities distributed did not exceed 25% of the Company’s market capitalization.
Golden Star is a Capital Pool Company focused on identifying and evaluating potential acquisitions of commercially viable businesses and assets. Until the completion of a Qualifying Transaction, Golden Star will focus on identifying and evaluating companies, businesses or assets.