Blue Star closes $1.73-million private placement

Executive Summary

• Blue Star Gold Corp. confirms completion of its previously announced non‑brokered private placement, raising total gross proceeds of $1,739,999.90.
• The financing consisted of 1.6 million flow‑through units at $0.15 each and 10,714,285 units at $0.14 each; no additional tranches will be issued.
• Proceeds are expected to fund ongoing exploration and development activities on the Ulu gold project, Roma project, and related infrastructure initiatives in Nunavut.

Key Details

• Total Gross Proceeds: $1,739,999.90.
• Units Issued:
• 1,600,000 flow‑through units @ $0.15 per unit.
• 10,714,285 regular units @ $0.14 per unit.
• Pricing Structure: Fixed pricing per unit; no warrants or additional rights disclosed.
• Use of Proceeds (implied): To support exploration and development of the Ulu gold lease, Hood River property, Roma project, and related infrastructure such as the proposed Grays Bay deep‑water port and road corridor.
• Completion Status: All tranches have been completed; no further issuances are planned.

Notable Quotes

(No direct quotes were provided in the release.)