BSR Bluestone Resources Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Bluestone Resources Inc. (TSX VENTURE:BSR) (the "Company") today announced that
it intends to complete a non-brokered private placement of up to 3,500,000 units
at a price of $0.225 per unit for gross proceeds of $787,500. Each unit will
consist of one common share and one-half of one common share purchase warrant.
Each whole common share purchase warrant will be exercisable into one common
share for a period of two years from closing at a price of $0.30 per share. The
terms and completion of the private placement are subject to TSX Venture
Exchange approval.


All securities issued in the private placement will be subject to a four-month
hold period from the closing of the private placement. The Company may pay
finder's fees in connection with the private placement. The Company intends to
use the proceeds of the private placement to advance Bluestone's Alaskan
exploration properties and for general working capital purposes.


Any participation by insiders of the Company in the private placement, which
participation will be subject to the approval of the independent directors of
the Company, will be on the same terms as the arm's length investors, and
shareholdings of insiders in the Company will increase as a result of any such
participation.


This press release is not an offer of securities for sale in the United States.
The common shares being offered have not been and will not be registered under
the United States Securities Act of 1933 and accordingly are not being offered
for sale and may not be offered, sold or delivered, directly or indirectly
within the United States, its possessions and other areas subject to its
jurisdiction or to, or for the account or for the benefit of a U.S. person,
except pursuant to an exemption from the registration requirements of that Act.


About Bluestone Resources Inc.:

Bluestone Resources Inc. is a Canadian exploration company focused on the
discovery and development of economic mineral deposits. Founded in 2004, the
Company has assembled a team with the business acumen and technical expertise to
identify and advance undervalued mineral exploration projects world-wide.


On behalf of the Board

Bluestone Resources Inc.

Bruce Counts P. Geoph., President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Bluestone Resources Inc.
Bruce Counts
President & CEO
(604) 331-4605
www.bluestoneresources.ca

Bluestone Resources (TSXV:BSR)
Historical Stock Chart
From Dec 2024 to Jan 2025

Bluestone Resources (TSXV:BSR)
Historical Stock Chart
From Jan 2024 to Jan 2025