Star Group Raises Payout to $0.79, Western Star Targets CAD3M Placement
Star Group boosts quarterly distribution from $0.1850 to $0.1975 per unit, raising annual payout by $0.05 to $0.79 and marking its 14th straight year of increases. Western Star Resources launches a non-brokered placement of 6 million units at $0.50 each to raise CAD 3 million, including half-warrants exercisable at $0.75 for two years.
1. Star Group Raises Quarterly Distribution
Star Group increased its quarterly distribution to $0.1975 per common unit for the three months ended March 31, 2026, up from $0.1850. This adjustment raises the annual distribution by $0.05 to $0.79 per unit, marking the 14th consecutive year of annual increases, with record date on April 27, 2026, and payment on May 6, 2026.
2. Western Star Resources Announces Non-Brokered Placement
Western Star Resources initiated a non-brokered private placement offering 6 million units at $0.50 each to secure gross proceeds of CAD 3 million. Each unit comprises one common share and one half warrant, with each full warrant exercisable at $0.75 per share over a 24-month term.