
BlueâŊStar Gold closes final tranche of nonâbrokered private placement
âĒBy ADMIN
Related Stocks:SGU
Blue Star Gold Corp. (TSXV:âŊBAU; OTCQB:âŊBAUFF; FSE:âŊ5WP0) has announced the closing of the final tranche of its nonâbrokered private placement, raising an additionalâŊUS$100,000 through the issuance of 400,000 âflowâthroughâ common shares (FT Shares) at C$0.25 per share. That brings the total proceeds from the placement to US$1,350,000.
The FT Shares qualify under Canadaâs Income Tax Act; the company will renounce the related expenditures to the investors for the 2025 tax year. As compensation for arranging the placement, a finder received US$6,000 in cash plus 24,000 nonâtransferable finderâs warrants â each warrant exercisable at C$0.25 until November 28, 2027.
All securities issued are subject to a fourâmonth hold period under Canadian securities laws, expiring on March 29, 2026. Blue Star intends to use net proceeds from the FT Shares to fund exploration expenses on its projects in Nunavut before December 31, 2026. Proceeds from the nonâflowâthrough shares will go toward general working capital.
Blue Star is a mineral exploration & development company with over 300âŊkmÂē of prospective land in the High Lake Greenstone Belt, Nunavut, Canada. Its key projects include the Ulu Gold Project and the Roma Project, where a highâgrade gold resource exists at the Flood Zone deposit â plus other targets for gold and critical minerals across its holdings.
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