04:45 PM EDT, 11/01/2024 (MT Newswires) -- ProStar Holdings ( MAPPF ) , a global player in Precision Mapping Solutions, after close Friday wrapped up its prior announced non-brokered private placement for gross proceeds of $1.775 million, through the sale of near 11.09 million units at a price of $0.16 per unit.

A statement noted each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to one common share of the company at a price of $0.22 per warrant share for a period of 36 months from the date of issuance.

The company will use the proceeds of the Offering for sales, marketing and working capital requirements.

Units were unchanged at $0.15 today.