Blue Star arranges $1.5-million private placement

Executive Summary

• Blue Star Gold Corp. announced a non-brokered private placement of up to $1.5 million through the issuance of up to 6 million flow-through common shares.
• The shares are priced at $0.25 per share and are subject to TSX Venture Exchange approval.
• Proceeds will be used for Canadian exploration expenses on Nunavut projects prior to December 31, 2026, and for general working capital.

Key Details

• Transaction Type: Non-brokered private placement of flow-through shares.
• Gross Proceeds: Up to $1.5 million.
• Share Price: $0.25 per flow-through common share.
• Quantity: Up to 6,000,000 flow-through common shares.
• Tax Status: Shares qualify as flow-through shares under the Income Tax Act (Canada); expenditures will be renounced to investors for the taxation year ending December 31, 2025.
• Use of Proceeds:
  • Incur Canadian exploration expenses on projects in Nunavut prior to December 31, 2026.
  • General working capital purposes.
• Hold Period: Four months and one day pursuant to Canadian securities laws and applicable exchange hold periods.
• Regulatory Status: Subject to approval of the TSX Venture Exchange.
• Fees: Finders' fees may be payable to qualified parties.