KeyStar Corp. announced a private placement to issue 10,000,000 shares at an issue price of $1 per share for the gross proceeds of $10,000,000 on July 24, 2023. The transaction will include participation from certain investors. The transaction has been approved by the shareholders to raise up to $10,000,000 in the transaction. The company is raising new round of funding under the exemption from registration provided by Rule 506(c) of Regulation D under the Securities Act of 1933 for accredited investors, as defined by Rule 501 of Regulation D, whose accredited status has been properly verified by a third party.

On the same date, the company announced that it has issued 8,000,000 shares at an issue price of $1 per share for the gross proceeds of $8,000,000 in the first tranche.