The FT shares qualify as flow-through shares for the purposes of the Income Tax Act (Canada). The Company will waive these expenses to investors for the tax year ending December 31, 2025.
The Company paid finder’s fees totaling $6,000 cash and 24,000 non-transferable finder’s warrants (each a “Finder’s order“) to a qualified independent party. Each Finder’s Warrant is exercisable at $0.25 until November 28, 2027.
All securities issued in connection with the Private Placement are subject to a four-month hold period under the securities laws of Canada, expiring on March 29, 2026.
The Company intends to use the net proceeds from the private placement of FT shares to incur Canadian exploration costs (the “Qualifying expenses“) on its projects in Nunavut before December 31, 2026, and the net proceeds from the private placement of shares for general working capital purposes.
The private placement remains subject to final approval by 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 land holdings total more than 300 square kilometers of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt. The company owns the Ulu Gold Project, consisting of the Ulu Mining Lease and Hood River Property, and the Roma Project. A significant high-quality gold resource exists at the Flood Zone deposit (Ulu Mining Lease), and numerous high-potential exploration targets (gold and critical minerals) occur across the Company’s extensive land holdings, giving Blue Star excellent resource growth potential. The location of the future deepwater port in Grays Bay is 40 to 100km north of the properties, and the proposed all-weather Grays Bay Road route corridor passes close to the Roma and Ulu Gold projects.
Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the US OTCQB Venture Market under the symbol: BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. For information about the company and its projects, please visit our website: www.bluestargold.ca.
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 press release have not been, and will not 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 U.S. registration requirements.
This press release does not constitute an offer to sell securities or a solicitation of offers to purchase 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 DISTRIBUTION IN THE UNITED STATES OR FOR DISTRIBUTION TO US NEWSWIRE SERVICES AND 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/276235
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