Blue Star Gold Secures $2.45M in Private Placement

Blue Star Gold Corp (TSE:BAU) has released an update.

Blue Star Gold Corp. has successfully closed the first tranche of its non-brokered private placement, raising $2.45 million through the issuance of flow-through and common shares, with significant participation from director Dr. Georg Pollert. The proceeds are earmarked for exploration expenses on the company’s Nunavut projects and general working capital. The placement, subject to final TSX Venture Exchange approval, includes a standard four-month hold period and finder’s fees paid to Echelon Wealth Partners Inc.

For further insights into TSE:BAU stock, check out TipRanks’ Stock Analysis page.