South star announces indicative term sheet for us$4m debt financing for the santa cruz graphite mine in brazil and appointment of new cfo

- not for dissemination in the united states or through u.s. newswire services - non-binding indicative term sheet for a us$4,000,000 loan facility with sprott streaming over a 3-year maturity period for the santa cruz graphite mine in brazil; the funds will be used to support the continued development and optimization of the phase 1 santa cruz graphite mine in brazil; and south star and sprott are working on the definitive documentation and expect the financing to close on an expediated schedule. mr. darren prins has been appointed to the role of chief financial officer.
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