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Blue Star Gold Raises CA$800,000 in a Non-Brokered Private Placement of Shares

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Blue Star Gold (BAU.V)closed a non-brokered private placement of shares, raising CA$800,000, it said in a statement late Thursday.

The company placed four-million priced at CA$0.20 apiece. Proceeds will be used for general working capital needs.

The junior-mining company also completed debt settlements issuing an aggregate of 638,993 shares at CA$0.20 apiece to extinguish CA$127,798.66 of debt. Director and controlling shareholder of the company, Georg Pollert, is participating in the private placement for four-million shares and the debt settlements for 388,993 shares, it said.

Shares of the company closed unchanged ar CA$0.205 Thursday on the TSX Venture Exchange.

Price: $0.21, Change: $-0.01, Percent Change: -4.65%

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