Star Group(US:SGU) Newsfile·2025-08-12 23:00Core Viewpoint - Blue Star Gold Corp. has successfully raised approximately $1.74 million through a private placement, which includes flow-through units and regular units, subject to TSX Venture Exchange approval [1][4]. Group 1: Financial Details - The company raised gross proceeds of $1,739,999.90 by issuing 1,600,000 flow-through units at $0.15 each and 10,714,285 units at $0.14 each [1]. - Each flow-through unit consists of one common share and half a common share purchase warrant, while each unit consists of one common share and half a common share purchase warrant [2][3]. - The warrants allow holders to acquire additional shares at a price of $0.20 until August 12, 2026 [3]. Group 2: Use of Proceeds - Proceeds from the sale of units will be allocated for general working capital, while proceeds from flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in Nunavut [4]. - The company plans to renounce qualifying expenditures by December 31, 2025, amounting to at least the total gross proceeds raised from the issuance of flow-through units [5]. Group 3: Related Party Transactions - Dr. Georg Pollert, a director and controlling shareholder, purchased 10,714,285 units in the private placement, classifying this as a related party transaction [7]. Group 4: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [8]. - The company owns the Ulu Gold Project and the Roma Project, with significant high-grade gold resources and numerous exploration targets [8].