blue star gold corp

Blue Star Gold Announces a Non-brokered Private Placement

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP) (the "Company") announces that, subject to the approval of the TSX Venture Exchange (the "Exchange"), it proposes to issue up to 25,000,000 units (the "Units") at a price of $0.08 per Unit through a non-brokered private placement (the "Private Placement") to raise up to $2,000,000 in gross proceeds.

Each Unit will consist of one common share (a "Share") and one transferable common share purchase warrant (a "Warrant") with each Warrant exercisable into Shares of the Company at a price of $0.11 per Share for one year from the date of closing of the Private Placement.

All securities issued will be subject to a four-month hold period pursuant to securities laws in Canada. Finders' fees may be payable to qualified parties.

The Company intends to use the net proceeds from the Private Placement for exploration and development of the Company's projects in Nunavut and general working capital.

About Blue Star Gold Corp.

Blue Star is a Vancouver-based gold and silver company focused on exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold and silver project, and the highly prospective Hood River gold concessions that are contiguous with the Ulu mining lease. The combined properties total approximately 9,000 ha of prospective mineral claims within which the Company has a significant high-grade gold resource on the Ulu lease, and numerous high-grade gold occurrences and priority targets throughout the Ulu and Hood River properties.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU and on the Frankfurt Exchange under the symbol: 5WP. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact:
Grant Ewing, P. Geo., CEO
Telephone: +1 778-379-1433
Email: info@bluestargold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX-Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69103

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Harvest Gold (TSXV:HVG)

Harvest Gold

Keep reading...Show less
Frank Holmes, gold bars.

Frank Holmes: Gold to US$6,000 "Easily," Silver's US$100 Potential

Frank Holmes of US Global Investors (NASDAQ:GROW) shares his outlook for the gold price in 2025 and the years ahead, laying out the factors driving the metal.

"I think it hits US$4,000 (per ounce), and before Trump is finished his term as president it will be US$6,000. That's where I think it's heading for a host of reasons," he said.

Keep reading...Show less
Finex Metals

FinEx Metals Begins Trading on TSX VENTURE EXCHANGE and Advances 2025 Exploration Program

FinEx Metals Ltd. (TSX-V: FINX) (“FinEx” or the “Company”) is pleased to announce that its common shares will begin trading todayon the TSX Venture Exchange (the “Exchange”) under the symbol FINX. The listing marks a key milestone as FinEx actively advances its 2025 field program across multiple targets in Finland’s Central Lapland Greenstone Belt.

Tero Kosonen, the Chairman and Chief Executive Officer of FinEx, comments:“Our listing on the Exchange comes at a time when gold’s strategic relevance is growing globally. With a district-scale land position in Finland’s premier gold belt and a steadily advancing field program, FinEx provides its shareholders with exposure to potential discovery-stage exploration projects in a structurally bullish gold environment”.

Keep reading...Show less

Maritime Drills 24.5 gpt Gold over 13.9 Metres, Including 42.2 gpt Gold over 8.0 Metres at the Hammerdown Gold Project

Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update for the Hammerdown Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador ("Hammerdown"), near the towns of King's Point and Springdale.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Abcourt Provides Update on Ongoing Financings

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Abcourt Mines Inc. (" Abcourt " or the " Corporation ") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it intends to complete a non-brokered private placement of a secured convertible debenture of the Corporation (the " Debenture ") for gross proceeds of $3,000,000 (the " Debenture Offering ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×