Boreal Gold Inc. Closes $121,500 Private Placement

Boreal Gold Inc. (TSE:BGLD) has released an update.

Boreal Gold Inc. has successfully closed a non-brokered private placement, raising $121,500 to fund exploration activities in Manitoba and Saskatchewan. The financing involves issuing flow-through units and common shares with purchase warrants, subject to a four-month hold period. The funds will support geophysical surveys, sample assaying, and mapping on the Fay Lake and Melgurd Lake properties.

For further insights into TSE:BGLD stock, check out TipRanks’ Stock Analysis page.