Blue Star Gold Announces Closing of First Tranche of Non-Brokered Private Placement
Blue Star Gold Announces Closing of First
Tranche of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2025) -
Blue Star Gold Corp. (TSXV:
BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company")
announces that, further to its
news release of October 30, 2025, it has closed the first tranche of its non-brokered private placement
raising proceeds of $1,250,000 through the issuance of 5,000,000 flow-through common shares (each,
a "
FT Share
") at $0.25 per FT Share (the "
Private Placement
").
The FT Shares will qualify as flow-through shares for purposes of the
Income Tax Act
(Canada). The
Company will renounce said expenditures to the investors for the taxation year ending December 31,
2025.
The Company paid finder's fees totaling $75,000 cash and 300,000 non-transferable finder's warrants
(each a "
Finder's Warrant
") to qualified arm's length parties.
Each Finder's Warrant is exercisable at
$0.25 until November 4, 2027.
All securities issued in connection with the Private Placement are subject to a four-month hold period
pursuant to securities laws in Canada expiring on March 5, 2026.
The Company intends to use the net proceeds from the Private Placement of FT Shares to incur
Canadian exploration expenses (the "
Qualifying Expenditures
") on its projects in Nunavut prior to
December 31, 2026, and the net proceeds from the Private Placement of Shares for general working
capital purposes.
The Private Placement remains subject to the final approval of the TSX Venture Exchange.
About Blue Star Gold Corp.
Blue Star is a mineral exploration and development company focused in Nunavut, Canada. Blue Star's
landholdings total 300 square kilometres of highly prospective and underexplored mineral properties in
the High Lake Greenstone Belt. The Company owns the Ulu Gold Project, comprised of the Ulu Mining
Lease and Hood River Property, and the Roma Project. A significant high-grade gold resource exists at
the Flood Zone deposit (Ulu Mining Lease), and numerous high-potential exploration targets (gold and
critical minerals) occur throughout the Company's extensive landholdings, providing Blue Star with
excellent resource growth potential. The site of the future deep-water port at Grays Bay is 40 - 100 km to
the north of the properties, and the proposed route corridor for the all-weather Grays Bay Road passes
close by the Roma and Ulu Gold Projects.
Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTCQB Venture
Market under the symbol: BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. 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
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https://www.newsfilecorp.com/release/273065