On June 26, 2024, Blue Star Gold Corp. closed the transaction. The company issued 4,000,000 common shares at an issue price of CAD 0.16 per share for the gross proceeds of CAD 640,000 in its second and final tranche.

The transaction included participation from Grant Ewing, the CEO of the company, for 187,500 FT Shares pursuant to the private placement. All securities issued are subject to a four-month and one day hold period pursuant to securities laws in Canada and the Exchange Hold Period, expiring on October 27, 2024. The company paid finder's fees to in the amount of CAD 36,600 in cash and 228,750 finder's warrants (the "Finder's Warrants").

The finder's warrants are non-transferable and exercisable until June 26, 2026 at CAD 0.16 per Share.