Blue Star Gold Announces Non-Brokered Private Placement
Blue Star Gold Announces Non-Brokered
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) -
Blue Star Gold Corp. (TSXV:
BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company")
announces that it intends to
complete a non-brokered private placement of up to $600,000 through the issuance of up to 3,000,000
flow-through common shares (each, a "
FT Share
") at $0.20 per FT Share (the "
Private Placement
").
The Private Placement is subject to the approval of the TSX Venture Exchange (the "
Exchange
").
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.
All securities issued will be subject to a four-month and one day hold period pursuant to securities laws
in Canada and, where applicable, the Exchange Hold Period.
Finders' fees may be payable to qualified
parties.
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.
About Blue Star Gold Corp.
Blue Star is a mineral exploration and development company focused in Nunavut, Canada. Blue Star's
landholdings total over 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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