Blue Star Gold Announces Non-Brokered Private Placement of Flow Though Shares
Blue Star Gold Announces Non-Brokered
Private Placement of Flow Though Shares
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2021) -
Blue Star Gold Corp. (TSXV:
BAU) (FSE: 5WP0) ("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
flow-through common shares of the Company at a price of $0.72 per share to raise up to $2,000,000 in
gross proceeds.
The flow-through shares will be subject to a four-month hold period pursuant to securities laws in Canada
and the Exchange hold period. Finders' fees may be payable to qualified parties. The Company intends
to use the net proceeds from the private placement for exploration of the Company's projects in Nunavut.
About Blue Star Gold Corp.
Blue Star is a gold company focused on exploration and development within Nunavut, Canada. The
Company owns the
Ulu Gold Property
lease, an advanced gold project, and the highly prospective
Hood River Property
that is contiguous to the Ulu mining lease. With the recent acquisition of the
Roma Project
, Blue Star now controls over 16,000 hectares of highly prospective and underexplored
mineral properties in the High Lake Greenstone Belt, Nunavut. 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.
Blue Star is listed on the TSX Venture Exchange under the symbol: BAU 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/102057