Blue Star Gold Announces $1.5M Non-Brokered Private Placement

Executive Summary

• Blue Star Gold Corp. announced a non‑brokered private placement of up to 6,000,000 flow‑through common shares at $0.25 per share, targeting gross proceeds of up to $1.5 million.
• The net proceeds will be used for Canadian exploration expenses on Nunavut projects through Dec 31 2026 and for general working capital.
• Shares are subject to a four‑month plus one‑day hold period; the placement is pending TSX Venture Exchange approval.

Key Details

• Offering Size: Up to 6,000,000 flow‑through common shares (“FT Shares”).
• Price per Share: $0.25 CAD.
• Maximum Gross Proceeds: $1,500,000 CAD.
• Placement Type: Non‑brokered private placement; 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:
• Canadian exploration expenses (“Qualifying Expenditures”) on Nunavut projects before Dec 31 2026.
• General working capital purposes.
• Tax Treatment: FT Shares qualify as flow‑through shares; expenditures will be renounced to investors for the tax year ending Dec 31 2025.
• Finders’ Fees: May be payable to qualified parties.

Notable Quotes

• “The private placement provides us with essential capital to advance our high‑grade gold resource at Flood Zone and explore additional targets across our Nunavut land package,” – Grant Ewing, P. Geo., CEO.