Blue Star Gold Announces Increase in Non- Brokered Private Placement of Debenture Unit
Blue Star Gold Announces Increase in Non-
Brokered Private Placement of Debenture
Unit
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2020) -
Blue Star Gold Corp.
(TSXV: BAU)
(the "
Company
") announces that, further to its news release of May 20, 2020, it has increased its non-
brokered private placement (the "
Private Placement
") to 4,100 units of the Company (the "
Units
") at
a price of $1,000 per Unit for aggregate gross proceeds of up to $4,100,000.
All other terms of the
Private Placement as announced on May 20, 2020, remain the same.
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, through its subsidiary, Inukshuk Exploration Inc. ("
Inukshuk
"),
owns the highly prospective 8,015 ha
Hood River gold concessions
located contiguous with the Ulu
mining lease.
Inukshuk acquired its interest in the Hood River property through a renewable, 20-year
Mineral Exploration Agreement with Nunavut Tunngavik Incorporated ("
NTI
") which holds subsurface
title to Inuit Owned Lands ("
IOL
").
The Hood River property located within the CO-20 IOL parcel is
administered by the NTI through the HOODRIVER-001 MEA signed between Inukshuk and NTI dated
June 01, 2013.
Blue Star has recently acquired the
Ulu Gold Property
, an advanced gold and silver
project and with regulatory approvals has completed the transmittal of the mining lease and
assignment of the permits and licenses.
Together with the Hood River concessions, Blue Star controls
nearly 10,000 ha of prospective mineral claims within which the Company has identified more than 40
gold occurrences.
Blue Star has 142,595,846 common shares outstanding and 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:
Peter Kuhn, Interim CEO
Telephone:
604.347.6999
Email:
Qualified Person:
Warren Robb, P.Geo. a Qualified Person under National Instrument 43-101 ("
NI
43-101
"), has reviewed and approved the geological information contained in this news release.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/58574