Blue Star Gold Announces $1M Non-Brokered Private Placement
Blue Star Gold Announces $1M Non-Brokered
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) -
Blue Star Gold Corp. (TSXV:
BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star"
or the
"Company")
announces that, subject to
the approval of the TSX Venture Exchange (the "
Exchange
"), it intends to complete a non-brokered
private placement of up to $1,000,000.
Pursuant to the offering, the Company will issue 4,000,000
common shares (each a "
Share
") at a price of $0.25 per Share to raise up to $1,000,000. (the "
Private
Placement
").
The Shares will be subject to a four-month and one day hold period pursuant to securities laws in
Canada and, where applicable, the Exchange.
The Company intends to use the proceeds for general
exploration and working capital.
About Blue Star Gold Corp.
Blue Star is a gold company focused on exploration and development within Nunavut, Canada.
Blue
Star's landholdings total approximately 270 square kilometres of highly prospective and underexplored
mineral properties in the High Lake Greenstone Belt, Nunavut.
The Company owns the Ulu Gold Property
lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu
mining lease, and the Roma Project.
A significant high-grade gold resource exists at the Flood Zone
deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the
Ulu, Hood River and Roma Projects.
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:
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/141917