On December 13, 2023, Blue Star Gold Corp. closed the transaction. The company issued 1,131,250 flow-through shares at a price of CAD 0.40 per share for the gross proceeds of CAD 452,500 in its final tranche of its over-subscribed non-brokered private placement. The company raised total aggregate proceeds of CAD 3,802,500 through the issuance of 9,506,250 FT shares in all three tranches of the Private Placement. The company paid finder?s fees in the amount of CAD 27,000 cash and 67,500 non-transferable finder?s warrants to Echelon Wealth Partners Inc., Qwest Investment Fund Management Ltd. and GloRes Securities Inc. The company paid total finder?s fees of CAD 228,000 cash and 570,000 Finder?s warrants in all three tranches of the Private Placement.

On December 14, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange. The transaction will include participation from 25 placees.