Western Star Resources Announces Normal Course Issuer Bid
Vancouver - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) (the "Company" or "Western Star") announces that the Canadian Securities Exchange ("CSE") has accepted the Company's notice of intention to commence a normal course issuer bid ("NCIB"). Under the NCIB, the Company may purchase for cancellation up to 3,842,295 common shares of the Company, being 10% of the Company's public float, during the twelve-month period commencing July 2, 2026 and ending July 2, 2027, or such earlier date as the Company completes its purchases pursuant to the NCIB.
Purchases under the NCIB may be made through the facilities of the CSE and/or alternative Canadian trading systems at prevailing market prices, in accordance with applicable securities laws and CSE policies. All common shares purchased under the NCIB will be cancelled. As set out in the NCIB, the Company has appointed Haywood Securities Inc. as its purchasing dealer and trader for the purposes of carrying out the NCIB.
The Board of Directors and management of the Company believe that, from time to time, the market price of the Company's common shares may not adequately reflect their underlying value. Accordingly, the Company believes that the repurchase of common shares under the NCIB represents an appropriate use of available financial resources and is in the best interests of the Company and its shareholders.
The timing and amount of any purchases under the NCIB will be determined by management, subject to applicable laws, market conditions, and CSE requirements. The Company is not obligated to acquire any specific number of common shares under the NCIB, and purchases may be suspended or discontinued at any time.
About Western Star Resources
Western Star Resources is an emerging junior mineral exploration company focused on revitalizing North America's tungsten supply. The company is advancing its entry into the U.S. market through the acquisition of a past-producing tungsten mine in Nevada -- one of America's most important historic tungsten districts. With this strategic move, Western Star is positioning itself to play a leading role in re-establishing a secure, domestic source of this critical mineral. The company also owns nine non-surveyed contiguous mineral claims totalling 4,740 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne.
Contact Information:
Blake Morgan
CEO and Director
blake@acvc.vc
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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