Heliostar Announces Closing of $4 Million Non-Brokered Private Placement

Vancouver, Canada, November 9, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce that, further to its news releases dated October 4, 2021, October 6, 2021, and October 19, 2021, it has closed the second and final tranche of its non-brokered private placement offering (the “Offering”).  3,876,607 units (each a “Unit”) of the Company were issued in the second tranche at a price of $0.70 per Unit (the “Offering Price”) for gross proceeds of $2,713,624.90.  Combined with the first tranche, the Company issued a total of 5,734,072 Units for aggregate gross proceeds of $4,013,850.40.

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