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Highlights
- Boreal Gold closes first tranche of $88,650 for Flow-Through Shares
- Company plans geophysical surveys and drilling at Fay Lake and Puffy Lake properties
- Proceeds to support exploration of VMS and gold mineralization at multiple sites
Boreal Gold Inc. (CSE: BGLD) has successfully completed the first tranche of its non-brokered private placement, raising a total of $88,650. The financing involved the issuance of 295,500 Flow-Through Shares priced at $0.30 per unit. This marks the initial phase of a larger financing plan, with a second tranche expected to close by April 30, 2025. The total offering aims to raise funds for the advancement of Boreal Gold's exploration projects.
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