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Blue Star Gold Corp. Principal Shareholder and Director Files Early Warning Report in Connection with Previous Share and Warrant Acquisitions
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2019) - Blue Star Gold Corp. (TS...
About this update from Blue Star Gold Corp.
[{"type":"text","content":"Blue Star Gold Corp. Principal Shareholder and Director Files Early Warning Report in Connection with Previous Share and Warrant AcquisitionsVancouver, British Columbia--(Newsfile Corp. - November 1, 2019) - Blue Star Gold Corp. (TSXV: BAU) (\"Blue Star\" or the \"Company\") announces that Dr. Georg Pollert, of Karmeliterweg 12, 13456 Berlin, Federal Republic of Germany, a principal shareholder and director of Blue Star, has filed an early warning report on SEDAR in connection with three (3) previous share and warrant acquisitions as follows: 6,000,000 common Shares (\"Shares\") and 3,000,000 share purchase warrants (\"Warrants\") on April 18, 2016 (\"Triggering Acquisition #1\");1,500,000 Shares and 750,000 Warrants on April 20, 2018 (\"Triggering Acquisition #2\"); and11,500,000 Shares and 5,750,000 Warrants on May 4, 2018 (\"Triggering Acquisition #3\").(collectively, the \"Triggering Acquisitions\")The Triggering Acquisitions were all carried out pursuant to non-brokered private placements. Triggering Acquisition #1Prior to Triggering Acquisition #1, Dr. Pollert held directly 3,170,000 Shares and 1,000,000 Warrants, representing approximately 4.84% of the then outstanding Shares on a non-diluted basis and approximately 6.37% on a partially diluted basis assuming exercise of the Warrants.Following Triggering Acquisition #1, Dr. Pollert held directly 9,170,000 Shares and 4,000,000 Warrants, representing approximately 9.31% of the then outstanding Shares on a non-diluted basis and approximately 13.38% on a partially diluted basis assuming exercise of the Warrants.The consideration paid was $0.05 per Unit (each Unit consisting of one share and one-half of a Warrant), for a total purchase price of $300,000. Each full Warrant was exercisable to purchase one Share at a price of $0.10 for 24 months following Closing.Triggering Acquisition #2Prior to Triggering Acquisition #2, Dr. Pollert held directly 9,760,000 Shares and 4,000,000 Warrants, representing approximately 9.91% of the then outstanding Shares on a non-diluted basis and approximately 13.97% on a partially diluted basis assuming exercise of the Warrants.Following Triggering Acquisition #2, Dr. Pollert held directly 11,260,000 Shares and 4,750,000 Warrants, representing approximately 11.43% of the then outstanding Shares on a non-diluted basis and approximately 16.25% on a ...