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Mining camp at Blue Star Gold’s Ulu property in western Nunavut, Canada. Source: Blue Star Gold.
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  • Blue Star Gold (BAU) has closed the first tranche of its non-brokered flow-through private placement for gross proceeds of $1,400,000
  • Blue Star Gold has also announced a proposal to complete a non-brokered private placement of non-flow through common shares for gross proceeds of up to $1,000,000
  • Net proceeds will be used for the exploration and development of the company’s projects in Nunavut
  • Blue Star controls over 16,000 hectares of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut
  • Blue Star Gold Corp. (BAU) opened trading at C$0.62 per share

Blue Star Gold (BAU) has closed the first tranche of its non-brokered flow-through private placement.

The company issued 1,944,445 flow-through common shares at a price of $0.72 for gross proceeds of $1,400,000. Blue Star paid finder’s fees of $84,000 and 20,833 common shares to Glores Securities and Qwest Investment Fund Management.

Net proceeds will be used for the exploration and development of the company’s projects in Nunavut.

Blue Star Gold has also announced a proposal to complete a non-brokered private placement of non-flow-through common shares for gross proceeds of up to $1,000,000. 

Blue Star is a gold and silver company focused on exploration and development in Nunavut. Blue Star controls over 16,000 hectares of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut.

Blue Star Gold Corp. (BAU) opened trading at C$0.62 per share.

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