Boreal Announces Upsizing of Previously Announced Equity Financings to an Aggregate $4.4 Million
NEWS RELEASE
October 27, 2017
w w w . b o r e a l m e t a l s . c o m p a g e /triangle45basert 1
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
BOREAL ANNOUNCES UPSIZING OF PREVIOUSLY ANNOUNCED EQUITY
FINANCINGS TO AN AGGREGATE $4.4 MILLION
Vancouver, B.C., October 27, 2017 . Further to its news release on September 25, 2017, Boreal
Metals Corp. (“ Boreal ” or the “ Company ”) is pleased to announce that, due to increased
investor demand, the Company is increasing its previou sly announced brokered private
placement (the “ Private Placement ”), from total gross proceeds of up to $1,000,000, to tot al
gross proceeds of $2,400,000. The brokered private p lacement will now consist of 8,000,000
units of Boreal at a price of $0.30 per unit.
The Company is also pleased to announce that the concurrent offering of units by way of Short
Form Offering Document in accordance with TSX Venture Exchang e policies (the “ SFOD
Offering ”), at a price of $0.30 per unit for gross proceeds of up t o approximately $2,000,000,
has been fully subscribed.
The SFOD Offering and the upsized Private Placement have been carried out pursuant to the
terms of an agency agreement between Boreal and PI Financial Corp.
Closing of the SFOD Offering and the Private Placement wil l be subject to approval of the TSX
Venture Exchange and other standard closing conditions , including conditional approval to list
the common shares and the warrants underlying the units, on the TSX Venture Exchange
effective on the closing date of the financings.
Proceeds from the SFOD Offering and the Private Placement wil l be used to fund exploration
and development of the Company’s Gumsberg property in t he Bergslagen Region of Sweden
and for general working capital and other corporate purpo ses of the Company and its
subsidiaries, including funding of exploration activit ies on the Company’s non-material
properties, as detailed in the Short Form Offering Documen t, a copy of which can be found on
SEDAR at www.sedar.com .
This news release does not constitute an offer to sell or solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under
NEWS RELEASE
October 27, 2017
w w w . b o r e a l m e t a l s . c o m p a g e /triangle45basert 2
the United States Securities Act of 1933 , as amended (the “ U.S. Securities Act ”) or any state
securities laws and may not be offered or sold within the United States unless registered under
the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
About Boreal Metals Corp.
Boreal is a mineral exploration company focused on the d iscovery of Zinc, Copper, Silver and
Gold deposits in four exceptional, historical mining project areas spanning Sweden and Norway.
The Company aims to discover new economic mineral dep osits in known mining districts that
have seen little or no modern exploration techniques. The Company is led by an experienced
management team and technical team, with successful t rack records in mineral discovery,
mining development and financing.
On behalf of Boreal Metals Corporation
Karl Antonius, President
For more information on Boreal please visit the Company website at www.borealmetals.com or
contact Alexandra Woodyer Sherron at +1.604.218.5030 or [email protected] .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed “forward‐looking statements”. Forw ard‐looking statements are statements
that are not historical facts and are generally, but not always, identifi ed by the words “expects”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Although Boreal Metals Corp. believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, are subject to risks and unc ertainties, and actual results or realities may differ
materially from those in the forward‐looking statements. Such material risks and uncertainties include, but are not limited to, the closing of the
SFOD Offering and the Private Placement; the approval of the TSX Venture Exchange as to the listing of the common shares and the warrants;
Boreal Metals Corp.’s ability to raise sufficient capital to fund its obli gations under its property option agreements, to maintain its mineral
tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes;
changes in economic conditions or financial markets; the ability of Boreal Metals Cor p. to obtain the necessary permits and consents required
to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to Boreal Metals
Corp.’s plans and business objectives for the projects; the general ability of Boreal M etals Corp. to drill test its projects and find mineral
resources; if any mineral resources are discovered or acquired, the Company’s ability to monetize any such mineral resources; and changes in
environmental and other laws or regulations that could have an impact on the Company’s operat ions. Forward‐looking statements are based
on the reasonable beliefs, estimates and opinions of Boreal Metals Corp.’s management on the date the statements are made. Except as
required by law, Boreal Metals Corp. undertakes no obligation to update these f orward‐looking statements in the event that management’s
beliefs, estimates or opinions, or other factors, should change.