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Stardust Solar Energy Inc. ( (TSE:SUN) ) has shared an announcement.
Stardust Solar Energy Inc. announced a non-brokered private placement of up to 10,000,000 units at $0.10 per unit, aiming to raise $1,000,000. The proceeds will be used to expand operations and for general corporate purposes. Additionally, the company has entered a debt settlement agreement, issuing shares to settle $75,000 in legal service debts. This move is expected to enhance Stardust Solar’s financial flexibility and operational capacity, potentially strengthening its market position in the renewable energy sector.
More about Stardust Solar Energy Inc.
Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment. The company supports entrepreneurs with business management services, equipment, and comprehensive support, fostering the adoption of clean energy across Canada and the United States.
Average Trading Volume: 94,339
Technical Sentiment Signal: Sell
Current Market Cap: C$5.32M
For an in-depth examination of SUN stock, go to TipRanks’ Overview page.