On February 12, 2026, Boreal Gold Ltd. completed a non-brokered private placement of (i) an aggregate of 10,155,000 units at a price of $0.25 per unit, and (ii) an aggregate of 1,317,800 Class A shares of the company that qualify as “flow-through shares” (as defined in subsection 66(15) of the Income Tax Act (Canada)) at a price of C$0.35 per “flow-through share” for aggregate gross proceeds of approximately $3 million.
Cassels acted for Boreal Gold with a deal team that included Jay Goldman, Alexander Pizale and Blanchart Arun (Capital Markets and Mining), Tera Li Parizeau (Tax & Trusts), Eni Silva (Law Clerk), and Omar Hamed and Mariam Awadalla (Articling Students).