Business
Boreal Gold Announces Private Placement for $200,000 and Notice of Annual General Meeting
Flin Flon, Manitoba--(Newsfile Corp. - December 11, 2025) - Boreal Gold Inc (CSE: BGLD) (the "Issuer") wishes to announce its plans to raise up to $200,000 through a non-brokered private placement financing up to a Maximum Offering Amount of $200,000 (the "Offering"). The private placement will be comprised of 500,000 Flow-Through Shares at a price of $0.30 per Flow-Through Share representing proceeds of $150,000 and 250,000 Units at a price of $0.20 per Unit, representing proceeds of $50,000...
About this update from Boreal Gold Inc.
[{"type":"text","content":"Flin Flon, Manitoba--(Newsfile Corp. - December 11, 2025) - Boreal Gold Inc (CSE: BGLD) (the "Issuer") wishes to announce its plans to raise up to $200,000 through a non-brokered private placement financing up to a Maximum Offering Amount of $200,000 (the "Offering"). The private placement will be comprised of 500,000 Flow-Through Shares at a price of $0.30 per Flow-Through Share representing proceeds of $150,000 and 250,000 Units at a price of $0.20 per Unit, representing proceeds of $50,000 for an aggregate total raised of $200,000. The Units shall consist of, and separate immediately upon closing into, one(1) common share of the Issuer (a "Common Share") and one (1) Warrant, each entitling the holder to purchase one (1) Common Share at a purchase price of $0.20 cents per Warrant for a period of twenty-four (24) months following the date of closing.","length":893,"tagName":"p"},{"type":"text","content":"The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. All securities to be issued under the Offering will be subject to a four-month statutory hold period in Canada.","length":239,"tagName":"p"},{"type":"text","content":"The funds will be utilized for general working capital purposes and ongoing work on the North Star, Fay Lake and Melgurd Lake properties.","length":137,"tagName":"p"},{"type":"text","content":"Properties","length":10,"tagName":"p"},{"type":"text","content":"The Fay Lake Property consists of 17 contiguous claims comprising of 2719 ha. lies 25km Northeast of Flin Flon, Manitoba. It is contiguous to the south with Hudbay Minerals Vamp Lake Cu-Zn-Au VMS property and also contiguous to the northeast, with the former Puffy Lake Gold mine. Fay Lake contains approximately 5 km of mapped VMS horizons similar to Vamp Lake. Separately, west of the rail line, a 9 km shear structure, presently known to contain similar mineralization as the Puffy Lake Gold deposit with samples assaying up to 14.33 g/t Au.","length":544,"tagName":"p"},{"type":"text","content":"The Melgurd property consisting of 11 mineral claims totalling 7411 ha., lies Northwest of Flin Fon Manitoba just north of the Shotts Lake copper-zinc VMS deposit in Saskatchewan. Boreal's airborne magnetic and EM survey shows both EM conductors and gradient magne...