Blue Star Gold Corp ( (TSE:BAU) ) just unveiled an update.
Blue Star Gold Corp. has announced a non-brokered private placement to raise up to $3.5 million through the issuance of 35 million common shares at $0.10 per share, pending TSX Venture Exchange approval. The funds will be used for general working capital, potentially strengthening Blue Star’s financial position and supporting its exploration activities in Nunavut, enhancing its market positioning and offering growth opportunities for stakeholders.
More about Blue Star Gold Corp
Blue Star Gold Corp. is a mineral exploration and development company based in Nunavut, Canada. It focuses on the High Lake Greenstone Belt, holding 290 square kilometers of promising mineral properties. The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous exploration targets, indicating strong potential for resource growth.
YTD Price Performance: 160.0%
Average Trading Volume: 189,706
Technical Sentiment Signal: Buy
Current Market Cap: C$13.49M
For a thorough assessment of BAU stock, go to TipRanks’ Stock Analysis page.