Blue Star Gold Announces Non-Brokered Private Placement

Executive Summary

• Blue Star Gold Corp. announced a non‑brokered private placement of up to 3,000,000 flow‑through common shares at $0.20 per share, targeting gross proceeds of up to $600,000.
• The proceeds will be used for Canadian exploration expenses on Nunavut projects through Dec 31 2026 and for general working capital.
• All issued securities are subject to a four‑month plus one‑day hold period and the placement is pending TSX Venture Exchange approval.

Key Details

• Offering Size: Up to $600,000 (3,000,000 FT Shares at $0.20 each).
• Share Type: Flow‑through common shares qualifying for Canadian tax deductions under the Income Tax Act.
• Approval Required: Subject to TSX Venture Exchange approval.
• Hold Period: Four months and one day pursuant to Canadian securities laws (and applicable exchange hold period).
• Use of Proceeds:
• Primarily to incur qualifying exploration expenditures on Nunavut projects before Dec 31 2026.
• Remainder for general working capital purposes.
• Finder’s Fees: May be payable to qualified parties as part of the placement.
• Issuer Contact: Grant Ewing, P. Geo., CEO – Tel: +1 778‑379‑1433; Email: [email protected].

Notable Quotes

(No direct quotes were provided in the release.)