Blue Star Gold - Mining camp at Blue Star Gold's Ulu property in western Nunavut
Mining camp at Blue Star Gold's Ulu property in western Nunavut
Source: Blue Star Gold.
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  • Blue Star Gold (BAU) has closed its previously announced private placement for gross proceeds of $5,061,479
  • The company issued 3,077,000 common shares, 2,523,289 flow-through shares and 1,340,031 charitable flow-through shares
  • Net proceeds will be used to finance further exploration on its projects in Nunavut
  • Blue Star is a gold company focused on exploration and development in Nunavut
  • Blue Star Gold Corp. (BAU) opened trading at C$0.60

Blue Star Gold (BAU) has closed its previously announced private placement for gross proceeds of $5,061,479.

The company issued 3,077,000 common shares, 2,523,289 flow-through shares and 1,340,031 charitable flow-through shares.

Net proceeds will be used to finance further exploration on its projects in Nunavut.

Blue Star paid finder’s fees of $134,520 to GloRes Securities Inc. and Qwest Investment Fund Management Ltd., and issued 85,943 common shares to GloRes Securities Inc., Teresa Schmid, and Qwest Investment Fund Management.

All securities issued are subject to a four-month hold period.

Blue Star is a gold company focused on exploration and development in Nunavut. The company owns the Ulu Gold Property lease, an advanced gold and silver project, and the highly prospective Hood River Property.

Blue Star Gold Corp. (BAU) opened trading at C$0.60.

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