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The latest announcement is out from Boreal Gold Inc. ( (TSE:BGLD) ).
Boreal Gold Inc. has successfully closed the first tranche of a non-brokered private placement, raising $101,250. The funds will be used for exploration activities on their properties, including Fay Lake, Melgurd Lake, and North Star. The company plans to conduct ground geophysical surveys and drill testing to explore potential mineralization, which could enhance their resource base and strengthen their position in the mining sector.
More about Boreal Gold Inc.
Boreal Gold Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in the extraction of gold and other minerals, with a market focus on expanding its resource base through strategic exploration activities.
Average Trading Volume: 8,335
Technical Sentiment Signal: Strong Sell
For an in-depth examination of BGLD stock, go to TipRanks’ Overview page.