Boreal announces non-brokered private placement

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[{"type":"text","content":"\n\n\n\nBoreal announces non-brokered private placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 21, 2017\n\n\n\nVANCOUVER, Nov. 21, 2017 /CNW/ - Boreal Metals Corp. (\"Boreal\" or the \"Company\") (TSXV: BMX) is pleased to announce that, following the closing of its previously announced concurrent offerings of units by way of Short Form Offering Document in accordance with TSX Venture Exchange policies and by way of brokered private placement, the Company has closed on a further non-brokered private placement of units for additional aggregate proceeds to Boreal of $200,000 (the \"Non-Brokered Private Placement\"). \n\n\n \n \n\n \nThe Company has issued 666,666 units (\"Units\") at a price of $0.30 per Unit, with each Unit consisting of one common share (a \"Common Share\") and one common share purchase warrant (a \"Warrant\").  Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.50 per Common Share until November 21, 2019.  \n\nThe Units, Common Shares and Warrants issued in connection with the Non-Brokered Private Placement are subject to a four-month hold period, expiring March 22, 2018.      \n\nProceeds from the Non-Brokered Private Placement will be used to fund exploration and development of the Company's Gumsberg property in the Bergslagen Region of Sweden and for general working capital and other corporate purposes of the Company and its subsidiaries, including funding of exploration activities on the Company's non-material properties. \n\nAbout Boreal Metals Corp.Boreal is a mineral exploration company focused on the discovery of Zinc, Copper, Silver and Gold deposits in four exceptional, historical mining project areas spanning Sweden and Norway.  The Company aims to discover new economic mineral deposits in known mining districts that have seen little or no modern exploration techniques.  The Company is led by an experienced management team and technical team, with successful track records in mineral discovery, mining developmen...

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