Newsfile Corp
20 Jun 2026, 00:00 UTC · 2h ago
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Blue Star Gold Corp. completed a non-brokered private placement raising a total of $3,953,500.62. — Increased capital provides a liquidity runway for exploration and reduces immediate bankruptcy or dilution risk.
+0.40The company will utilize the funds for eligible Canadian exploration expenses and flow-through mining expenditures in Nunavut by December 31, 2027. — Directs capital toward asset development and resource expansion, which is the primary driver of value for exploration companies.
+0.30All securities issued in the placement are subject to a hold period expiring on October 20, 2026. — Creates a known date for potential selling pressure once the lock-up expires.
-0.10Which stocks this story touches
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The company successfully closed a private placement raising nearly $4 million in gross proceeds to fund exploration projects.
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Newsfile Corp
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