Business
Boreal Gold Announces the Closing of the Private Placement for $57,700.00
Flin Flon, Manitoba--(Newsfile Corp. - December 31, 2025) - Boreal Gold Inc (CSE: BGLD) (the "Issuer") has closed the financing of $57,700.00 of a non-brokered private placement announced on December 11, 2025. The closing is comprised of 104,000 Flow Through Shares at a price of $0.30 per Flow-Through Share representing proceeds of $31,200.00 and 132,500 Units at a price of $0.20 per Unit, representing proceeds of $26,500.00 for an aggregate total raised of $57,700. The Offering is subject to...
About this update from Boreal Gold Inc.
[{"type":"text","content":"Flin Flon, Manitoba--(Newsfile Corp. - December 31, 2025) - Boreal Gold Inc (CSE: BGLD) (the "Issuer") has closed the financing of $57,700.00 of a non-brokered private placement announced on December 11, 2025. The closing is comprised of 104,000 Flow Through Shares at a price of $0.30 per Flow-Through Share representing proceeds of $31,200.00 and 132,500 Units at a price of $0.20 per Unit, representing proceeds of $26,500.00 for an aggregate total raised of $57,700.","length":480,"tagName":"p"},{"type":"text","content":"The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. The securities issued are subject to a four-month statutory hold period in Canada ending on May 1, 2026.","length":232,"tagName":"p"},{"type":"text","content":"The Units consist of, and separate immediately upon closing into, one common share of the Issuer (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"), each entitling the holder to purchase one Common Share at an exercise price of $0.20 per Warrant for a period of twenty-four (24) months following the date of issuance. The Flow-Through Shares shall consist of one Common Share, to be issued as a "flow-through share" (the "Flow-Through Shares") within the meaning of the Income Tax Act (Canada).","length":566,"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 gradi...