Star Gold Corp. announced that it has received $0.36 million in funding.
On January 18, 2013, Star Gold Corp. closed the transaction. The company announced that it has closed the private placement on best effort basis of 895,000 common shares at $0.40 per share for gross proceeds of $358,000. The company also issued warrants in the transaction. Each warrants entitles the holder to purchase a common share for a period of 24 months at $0.60 per share during the first twelve months and at $0.80 per share during the second twelve months following the warrant's issuance. The transaction saw participation from 13 investors including an institutional investor based out of New York City.