Blue Star Gold Corp. announced a private placement to issue 6,255,619 Shares at a price of CAD 0.38 per Share for a total purchase price of CAD 2,377,135.22 on October 17, 2023. The transaction included participation from new individual investor Georg Josef Pollert for 6,255,619 shares. Prior to the acquisition of Shares pursuant to the Share Purchase, the Acquiror, together with his wife, Gabriele Pollert, held 46,594,961 Shares, 350,000 stock options 4,375,000 warrants and the Acquiror?s and Gabriele Pollert?s combined non-diluted shareholdings represented approximately 64.45% of the Company?s issued and outstanding Shares. As a result of the acquisition of Shares pursuant to the Share Purchase, the Acquiror and Gabriele Pollert now together hold 52,850,580 Shares, 350,000 Options and 4,375,000 Warrants and the Acquiror?s and Gabriele Pollert?s combined non-diluted shareholdings now represent approximately 73.11% of the Company?s issued
and outstanding Shares. Thus, on a partially diluted basis, the Acquiror and Gabriele Pollert would together hold a total of 57,575,580 Shares, representing approximately 74.76% of the Company?s issued and outstanding Shares.