Mining & Metals
Boreal Gold to Raise C$1.4 Million From a Non-Brokered Private Placement
Boreal Gold (BGLD.CN) launched a non-brokered private placement to raise up to C$1.4 million, it said after markets closed on Thursday.The company is offering a combination of common-share units at C$0.20 per unit and flow-through shares priced a at C$0.30.Each common-share unit is made up of a share and one-half of a two-year warrant to buy a share for C$0.30.Proceeds from the units will be used for general corporate needs and proceeds from the FT shares will be used for the exploration and advancement of its North Star, Fay Lake and Melgurd Lake properties, it said.The company's shares last traded Aug. 13, closing at C$0.22 on the Canadian Securities Exchange.
$BGLD.CN
