Borealis Announces Upsized $10 Million Bought Deal Offering

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VANCOUVER, British Columbia, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Borealis Mining Company Limited. (TSXV: BOGO, FSE: L4B0) (“Borealis” or the “Company”) is pleased to announce that, in connection with its previously announced bought deal public offering (the “Offering”), it has entered into an amended agreement with Haywood Securities Inc. (“Haywood”), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with Haywood, the “Underwriters”) to increase the size of the Offering to 17,857,150 units of the Company (the “Units”) at a price of C$0.56 per Unit (the “Issue Price”), for gross proceeds to the Company of C$10,000,004.

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