{"success":true,"data":{"pressRelease":{"id":"34210","rtpr_id":"nNFCb9gYJW","ticker":"SUN","exchange":"","all_tickers":["SUN"],"title":"Stardust Solar Announces Non-Brokered Private Placement of Units","author":"Newsfile Corp","published_at":"2026-05-13T21:01:48.318Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Stardust Solar\nEnergy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) (\"Stardust Solar\" or the\n\"Company\"), a globally expanding renewable energy company, is pleased to\nannounce a non-brokered private placement of up to 40,000,000 units of the\nCompany (the \"Units\") at a price of $0.075 per Unit (the \"Offering\") for\naggregate gross proceeds of up to $3,000,000.\n\nEach Unit will be comprised of one common share in the capital of the Company\n(a \"Share\") and one Share purchase warrant (a \"Warrant\"). Each Warrant will\nentitle the holder thereof to acquire one additional share (a \"Warrant Share\")\nat a price of $0.10 per Warrant Share for a period of 18 months from the\nclosing date of the Offering.\n\nThe Company intends to use the net proceeds of the Offering to repay the\noutstanding principal amount and all interest accrued thereon under the\noutstanding senior secured convertible debenture units of the Company, advance\nits utility scale energy project in Zambia, and for general working capital\nand corporate purposes.\n\nThe Company may pay finder's fees of up to 7% of the gross proceeds of the\nOffering, payable in cash. In addition, finders may receive share purchase\nwarrants entitling them to purchase such number of Shares of the Company,\nwhich is equal to 7% of the total number of Units purchased by subscribers\nintroduced to the Company by such finders, each exercisable for a period of 18\nmonths from the closing date of the Offering at a price of $0.10 per Share,\nall in accordance with the policies of the TSX-V.\n\nAll securities issued in connection with the Offering will be subject to a\nstatutory hold period of four months and one day following the date of\nissuance in accordance with applicable Canadian securities laws. Closing of\nthe Offering and the issuance of the Units are subject to a number of\nconditions, including, without limitation, receipt of all regulatory\napprovals, including but not limited to the approval of the TSX-V. The\nOffering is not subject to a minimum amount of subscriptions.\n\nAbout Stardust Solar Energy Inc.\n\nStardust Solar Energy Inc. is a globally expanding renewable energy company\nsupporting the installation, development, training, and deployment of\nresidential, commercial, and utility-scale solar solutions across\ninternational markets. The Company operates a diversified solar royalty\nplatform generating recurring revenue through franchise installation\noperations, accredited training and development licenses and subscriptions,\nand technology-driven innovation initiatives. Through formal engagement with\ngovernments, utilities, and commercial stakeholders, the Company is scaling\nrenewable energy capacity worldwide.\n\nMedia and Investor Contacts:\n\nErica Bearss, MBA, DBA (c) | VP Corporate Communications\ninvestors@stardustsolar.com\nwww.stardustsolar.com\n\nStardust Solar Energy Inc.\nB101-9000 Bill Fox Way, Burnaby BC V5J 5J3 - Canada\n732 S 6th St, STE N, Las Vegas, NV 89101\nFollow us on > Facebook (https://api.newsfilecorp.com/redirect/zAYB0sj4aW) /\nLinkedIn (https://api.newsfilecorp.com/redirect/4Y8AGHQeg1) / Instagram\n(https://api.newsfilecorp.com/redirect/jN40vTO1P0)\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThe TSX Venture Exchange Inc. has neither approved nor disapproved the\ncontents of this press release.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to sell any of the securities in the United States. The securities have\nnot been and will not be registered under the United States Securities Act of\n1933, as amended (the \"U.S. Securities Act\") or any state securities laws and\nmay not be offered or sold within the United States or to U.S. Persons unless\nregistered under the U.S. Securities Act and applicable state securities laws\nor an exemption from such registration is available.\n\nThe information in this news release includes certain information and\nstatements about management's view of future events, expectations, plans, and\nprospects that constitute forward-looking statements, including statements\nrelating to the Company's business plans and expected future growth, the\nclosing of the Offering, and the anticipated use of proceeds of the Offering.\nThese statements are based upon assumptions that are subject to significant\nrisks and uncertainties. Because of these risks and uncertainties and as a\nresult of a variety of factors, the actual results, expectations, achievements\nor performance may differ materially from those anticipated and indicated by\nthese forward-looking statements. Any number of factors could cause actual\nresults to differ materially from these forward‐looking statements as well\nas future results. Although the Company believes that the expectations\nreflected in forward-looking statements are reasonable, it can give no\nassurances that the expectations of any forward-looking statements will prove\nto be correct. Except as required by law, the Company disclaims any intention.\nIt assumes no obligation to update or revise any forward-looking statements to\nreflect actual results, whether as a result of new information, future events,\nchanges in assumptions, changes in factors affecting such forward-looking\nstatements or otherwise.\n\n- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES\n-\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/297380","article_body_html":"","raw_payload":{"data":{"id":"nNFCb9gYJW","title":"Stardust Solar Announces Non-Brokered Private Placement of Units","author":"Newsfile Corp","ticker":"SUN","created":"2026-05-13T21:01:48.318Z","tickers":["SUN"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Stardust Solar\nEnergy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) (\"Stardust Solar\" or the\n\"Company\"), a globally expanding renewable energy company, is pleased to\nannounce a non-brokered private placement of up to 40,000,000 units of the\nCompany (the \"Units\") at a price of $0.075 per Unit (the \"Offering\") for\naggregate gross proceeds of up to $3,000,000.\n\nEach Unit will be comprised of one common share in the capital of the Company\n(a \"Share\") and one Share purchase warrant (a \"Warrant\"). Each Warrant will\nentitle the holder thereof to acquire one additional share (a \"Warrant Share\")\nat a price of $0.10 per Warrant Share for a period of 18 months from the\nclosing date of the Offering.\n\nThe Company intends to use the net proceeds of the Offering to repay the\noutstanding principal amount and all interest accrued thereon under the\noutstanding senior secured convertible debenture units of the Company, advance\nits utility scale energy project in Zambia, and for general working capital\nand corporate purposes.\n\nThe Company may pay finder's fees of up to 7% of the gross proceeds of the\nOffering, payable in cash. In addition, finders may receive share purchase\nwarrants entitling them to purchase such number of Shares of the Company,\nwhich is equal to 7% of the total number of Units purchased by subscribers\nintroduced to the Company by such finders, each exercisable for a period of 18\nmonths from the closing date of the Offering at a price of $0.10 per Share,\nall in accordance with the policies of the TSX-V.\n\nAll securities issued in connection with the Offering will be subject to a\nstatutory hold period of four months and one day following the date of\nissuance in accordance with applicable Canadian securities laws. Closing of\nthe Offering and the issuance of the Units are subject to a number of\nconditions, including, without limitation, receipt of all regulatory\napprovals, including but not limited to the approval of the TSX-V. The\nOffering is not subject to a minimum amount of subscriptions.\n\nAbout Stardust Solar Energy Inc.\n\nStardust Solar Energy Inc. is a globally expanding renewable energy company\nsupporting the installation, development, training, and deployment of\nresidential, commercial, and utility-scale solar solutions across\ninternational markets. The Company operates a diversified solar royalty\nplatform generating recurring revenue through franchise installation\noperations, accredited training and development licenses and subscriptions,\nand technology-driven innovation initiatives. Through formal engagement with\ngovernments, utilities, and commercial stakeholders, the Company is scaling\nrenewable energy capacity worldwide.\n\nMedia and Investor Contacts:\n\nErica Bearss, MBA, DBA (c) | VP Corporate Communications\ninvestors@stardustsolar.com\nwww.stardustsolar.com\n\nStardust Solar Energy Inc.\nB101-9000 Bill Fox Way, Burnaby BC V5J 5J3 - Canada\n732 S 6th St, STE N, Las Vegas, NV 89101\nFollow us on > Facebook (https://api.newsfilecorp.com/redirect/zAYB0sj4aW) /\nLinkedIn (https://api.newsfilecorp.com/redirect/4Y8AGHQeg1) / Instagram\n(https://api.newsfilecorp.com/redirect/jN40vTO1P0)\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThe TSX Venture Exchange Inc. has neither approved nor disapproved the\ncontents of this press release.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to sell any of the securities in the United States. The securities have\nnot been and will not be registered under the United States Securities Act of\n1933, as amended (the \"U.S. Securities Act\") or any state securities laws and\nmay not be offered or sold within the United States or to U.S. Persons unless\nregistered under the U.S. Securities Act and applicable state securities laws\nor an exemption from such registration is available.\n\nThe information in this news release includes certain information and\nstatements about management's view of future events, expectations, plans, and\nprospects that constitute forward-looking statements, including statements\nrelating to the Company's business plans and expected future growth, the\nclosing of the Offering, and the anticipated use of proceeds of the Offering.\nThese statements are based upon assumptions that are subject to significant\nrisks and uncertainties. Because of these risks and uncertainties and as a\nresult of a variety of factors, the actual results, expectations, achievements\nor performance may differ materially from those anticipated and indicated by\nthese forward-looking statements. Any number of factors could cause actual\nresults to differ materially from these forward‐looking statements as well\nas future results. Although the Company believes that the expectations\nreflected in forward-looking statements are reasonable, it can give no\nassurances that the expectations of any forward-looking statements will prove\nto be correct. Except as required by law, the Company disclaims any intention.\nIt assumes no obligation to update or revise any forward-looking statements to\nreflect actual results, whether as a result of new information, future events,\nchanges in assumptions, changes in factors affecting such forward-looking\nstatements or otherwise.\n\n- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES\n-\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/297380"},"type":"article","timestamp":"2026-05-13T21:01:48.377620117Z","server_sent_at_ms":1778706108377},"received_at":"2026-05-13T21:01:48.436Z","source_url":"https://www.newsfilecorp.com/release/297380"},"analysis":null,"durationMs":null,"modelName":null}}