Borealis Mining Closes $10 Million Public Offering to Boost Nevada Gold Projects

The latest update is out from Borealis Mining Company Limited ( (TSE:BOGO) ).

Borealis Mining Company Limited has successfully closed a $10 million bought deal public offering, issuing 17,857,150 units at C$0.56 per unit. The proceeds will fund exploration and development of its gold projects in Nevada and support general corporate purposes. Notable participants in the offering include Eric Sprott and Evanachan Limited, owned by Robert McEwen. The transaction was managed by Haywood Securities Inc. and other underwriters, who received a commission and compensation options. The offering is subject to final acceptance by the TSX Venture Exchange, and an early warning report will be filed by Evanachan Limited due to its acquisition of additional shares.

More about Borealis Mining Company Limited

Borealis Mining Company Limited operates within the mining industry, focusing on the exploration and development of gold projects, particularly in Nevada. The company is listed on the TSX Venture Exchange under the symbol BOGO and has a market presence in Canada and other jurisdictions.

YTD Price Performance: -17.39%

Average Trading Volume: 100,352

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$42.25M

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