Vancouver, British Columbia — September 4, 2026 — Leads & Copy — Blue Star Gold Corp. has successfully completed a non-brokered private placement, raising $800,000 in gross proceeds. The financing involved the issuance of 4,000,000 common shares at a price of $0.20 per share. These proceeds are designated for general working capital, and no finder’s fees were paid for this transaction.
In conjunction with the private placement, the Company also finalized debt settlements by issuing an additional 638,993 common shares at a deemed price of $0.20 per share. This move extinguishes debts totaling $127,798.66, excluding taxes. The debts settled relate to past director services provided by Dr. Georg Pollert between January 2021 and May 31, 2026, and outstanding finder’s fees owed to an arm’s length party from private placements conducted in May 2025 and July 2026.
Dr. Georg Pollert, a director and controlling shareholder, is a participant in both the private placement, acquiring 4,000,000 shares, and the debt settlements, purchasing 388,993 shares. Consequently, the issuance of these shares is classified as a related party transaction under Multilateral Instrument 61-101. Blue Star Gold Corp. has availed itself of exemptions from formal valuation and minority shareholder approval requirements, citing that the fair market value does not exceed 25% of the market capitalization.
All shares issued under the private placement and debt settlements are subject to a statutory four-month and one-day hold period in Canada, along with any applicable Exchange Hold Period. Both the private placement and debt settlements are pending final approval from the TSX Venture Exchange.
Blue Star Gold Corp. is a mineral exploration and development company with a focus on Nunavut, Canada. The company manages over 420 square kilometers of prospective mineral properties within the High Lake Greenstone Belt. Its key assets include the Ulu Gold Project, which comprises the Ulu Mining Lease and Hood River Property, as well as the Roma and Auma Projects. The Ulu Mining Lease contains the high-grade Flood Zone Gold Deposit, and the company’s land package features multiple significant gold and critical mineral targets with considerable potential for resource expansion.
The company’s projects are strategically positioned 40 to 100 kilometers south of the proposed Grays Bay deep-water port. The planned all-weather Grays Bay Road corridor is set to pass near Blue Star’s projects. The Grays Bay Road and Port Project has been referred to the Major Projects Office, an initiative established to expedite nationally important infrastructure projects.
Blue Star Gold Corp. is publicly traded on the TSX Venture Exchange under the symbol BAU, on the OTCQB Venture Market as BAUFF, and on the Frankfurt Exchange as 5WP0. Additional information can be found on the company’s website.
Source: Blue Star Gold Corp.
