Blue Star Gold Completes Oversubscribed Placement

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

Blue Star Gold Corp. successfully completed the final tranche of its oversubscribed non-brokered private placement, raising a total of $3.09 million. The funds are earmarked for exploration expenses on the company’s mineral properties in Nunavut, with a focus on expanding the high-grade gold resource at the Ulu Gold Project. The placement included significant participation from the CEO and was conducted with exemptions from certain regulatory formal valuation and minority shareholder approval requirements.

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