Blue Star Gold Announces Closing of Non-Brokered Private Placement

Executive Summary

• Blue Star Gold Corp. closed a non‑brokered private placement, raising gross proceeds of $600,000 from the issuance of 3,000,000 flow‑through common shares at $0.20 per share.
• The net proceeds will be used for Canadian exploration expenses on Nunavut projects through Dec 31 2026 and for general working capital.
• A finder's fee of $36,000 was paid; the FT shares are subject to a four‑month‑plus‑one‑day hold period expiring 16 April 2026.

Key Details

• Placement Size: 3,000,000 flow‑through common shares (“FT Shares”).
• Price per Share: $0.20, resulting in gross proceeds of $600,000.
• Hold Period: Four months and one day, expiring 16 April 2026 under Canadian securities law.
• Finder’s Fee: $36,000 cash paid to a qualified arm‑length party per Exchange policies.
• Use of Proceeds:
• Primary: Canadian exploration expenses (“Qualifying Expenditures”) on Nunavut projects before 31 Dec 2026.
• Secondary: General working capital purposes.
• Tax Treatment: FT Shares qualify as flow‑through shares for the Canada Income Tax Act; expenditures will be renounced to investors for the tax year ending 31 Dec 2025.
• Regulatory Conditions: Closing subject to final approval of the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)