- Blue Star Gold (BAU) has announced a non-brokered private placement for gross proceeds of up to $6,000,000
- The company will issue common shares, flow-through common shares and charitable flow-through common shares
- Over 75 per cent of the offering has already been placed
- 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$0.65
Blue Star Gold (BAU) has announced a non-brokered private placement for gross proceeds of up to $6,000,000.
The company will issue common shares at a price of $0.65 per share, flow-through common shares at a price of $0.73 per FT share, and charitable flow-through common shares at a price of $0.91 per charitable FT share.
Over 75 per cent of the placement has already been arranged based on firm expressions of interest received by the company.
All securities issued will be subject to a four-month hold period.
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. 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$0.65.