Blue Star Gold Corp. is pleased to announce that it has closed its non-brokered private placement issuing a total of 4,100 units of the Company at a price of $1,000 per Unit raising total gross proceeds of $4,100,000. Each Unit is comprised of 20,000 unsecured convertible debenture and 20,000 non-transferable common share purchase warrants of the Company. Each Debenture has a maximum term of 3 years and will bear an [...]
Blue Star Gold Corp. announces that, based on its Exposure Control Plan and the Health & Safety Plan that was submitted to the Department of Health in Nunavut, the Chief Public Health Officer has confirmed that the Company can commence its work programs in early July on the Hood River and Ulu projects. Exploration Program: The company plans to conduct a 7,000 m drill program using 2 drill rigs. In addition to the known [...]
Blue Star Gold Corp. announces that, further to its news release of May 20, 2020, it has increased its non-brokered private placement to 4,100 units of the Company at a price of $1,000 per Unit for aggregate gross proceeds of up to $4,100,000. All other terms of the Private Placement as announced on May 20, 2020, remain the same. About Blue Star Gold Corp. Blue Star is a Vancouver-based gold and silver company focused on [...]
Blue Star Gold announces that it has entered into unsecured loan agreements with certain parties for an aggregate principal amount of $1,000,000 . The Loans bear an annual simple interest rate of 7.5%. Pursuant to the Loan Agreements and subject to the approval of the TSX Venture Exchange, the Company has agreed to issue up to 4,000,000 common shares of the Company at a deemed price of $0.05 per Bonus Share. The aggregate [...]
Blue Star Gold Corp. is pleased to announce that the metallurgical testing on the North Fold Nose mineralization showed excellent recovery with plus 93% with simple and conventional processing methodology. From its 2019 successful drill campaign at the northern end of its 4 km long Robb Trend at the newly discovered North Fold Nose zone Blue Star requested Bureau Veritas to conduct a similar metallurgical test program as [...]
Blue Star Gold Corp. announces a non-brokered private placement of up to 4,000 units of the Company at a price of $1,000 per Unit for aggregate gross proceeds of up to $4,000,000, with a minimum subscription of $50,000, or 50 Units per subscriber. Each Unit is comprised of 20,000 unsecured convertible debenture and 20,000 non-transferable common share purchase warrants of the Company. Each Debenture has a maximum term of [...]
Blue Star Gold Corp. is pleased to announce that on May 14, 2020 the Nunavut Water Board issued an amended and renewed water licence 2BM-ULU2030 for its Ulu Gold Property located in the Kitikmeot region of Nunavut on Inuit Owned Land administered by the Kitikmeot Inuit Association . The water licence is for a period of 10 years and allows for surface and underground exploration, establishment of a new 60-person camp, and [...]
Blue Star Gold Corp. is pleased to announce that all resolutions were passed by the shareholders of the Company at its annual general and special meeting held on Wednesday, April 29, 2020. A total of 62,822,842 common shares were voted representing 47.62% of the issued and outstanding common shares represented at the Meeting. Dr. Georg Pollert, Robert James Metcalfe, Kenneth R. Yurichuk, Judy Baker and Klaus Georg Schmid [...]
Blue Star Gold Corp. announces that, effective April 27, CEO, Steve Wilkinson, is no longer with the Company. The Board would like to thank him for his service and contribution to Blue Star. The Board is pleased to announce that Peter Kuhn, previously the General Manager, has been appointed as Interim CEO. The Company is pleased that Peter has accepted this position and the Board looks forward to working with him in that [...]
Blue Star Gold Corp. is pleased to report the Company has completed the acquisition of the Ulu Gold Property from Mandalay Resources Corp. . Supplementing its high-grade gold resources, the Ulu includes a substantial inventory of capital equipment, a Weatherhaven camp with shop and a 1,200 m long airstrip. The mineral rights in the form of a Crown mining lease were transferred on January 7, 2020 to Blue Star. The [...]
Blue Star Gold Corp. is pleased to announce that effective January 1, 2020, the Company has engaged two new management professionals. Andrea Yuan has been appointed the Interim Chief Financial Officer for an initial term of 4 months, ending April 30, 2020. Ms. Yuan replaces Zara Kanji, who has stepped down as CFO of the Company to focus on her professional business of value-added operational and accounting consulting [...]
Blue Star Gold Corp. is pleased to announce that it has retained Mackie Research Corp. to provide market making services in accordance with TSXV policies. Mackie will trade the securities of the Company on the Venture Exchange for the purposes of maintaining an orderly market. In consideration of the services provided by Mackie, the Company will pay Mackie a monthly cash fee of $6,000 for a minimum term of three months [...]