Blue Star Gold Announces Closing of First Tranche of Non-Brokered Private Placement

Executive Summary

• Blue Star Gold Corp. closed the first tranche of its non‑brokered private placement, raising $1,250,000 through the issuance of 5,000,000 flow‑through common shares at $0.25 per share.
• The net proceeds are earmarked for Canadian exploration expenses on Nunavut projects (Qualifying Expenditures) and general working capital.
• Finder’s compensation consisted of $75,000 cash plus 300,000 non‑transferable warrants, exercisable at $0.25 until November 4, 2027; all securities are subject to a four‑month hold period expiring March 5, 2026.

Key Details

• Private Placement Size: 5,000,000 FT Shares @ $0.25 each → $1,250,000 gross proceeds.
• Flow‑Through Status: Shares qualify as flow‑through for Canadian tax purposes; expenditures will be renounced to investors for the fiscal year ending Dec 31, 2025.
• Finder’s Compensation:
• Cash payment: $75,000.
• Warrants: 300,000 non‑transferable Finder’s Warrants, exercisable at $0.25 per share until Nov 4, 2027.
• Hold Period: Four‑month securities law hold period; expiry March 5, 2026.
• Use of Proceeds:
• Primary: Canadian exploration expenses on Nunavut projects (Ulu Gold Project, Roma Project) before Dec 31, 2026.
• Secondary: General working capital.
• Regulatory Conditions: Placement remains subject to final approval by the TSX Venture Exchange.
• Contact: Grant Ewing, P. Geo., CEO – Tel: +1 778‑379‑1433; Email: [email protected].

Notable Quotes

(No direct quotes were provided in the release.)