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

Core Viewpoint - Blue Star Gold Corp. plans to complete a non-brokered private placement of up to $1,500,000 through the issuance of up to 6,000,000 flow-through common shares at a price of $0.25 per share, pending approval from the TSX Venture Exchange [1][2]. Group 1: Private Placement Details - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2]. - All securities issued will be subject to a four-month and one-day hold period in accordance with Canadian securities laws [2]. - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut and for general working capital purposes [3]. Group 2: 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 [4]. - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous exploration targets for gold and critical minerals [4]. - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [4].