Boksburg Ventures Closes First Tranche of Share and Unit Private Placements

Boksburg Ventures Inc. has closed the first tranche of a non-brokered private placement, issuing 4,030,000 units at $0.05 per unit for gross proceeds of $201,500.

Each unit includes one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional share at $0.10 for five years.

The company also closed a separate private placement of 8,000 common shares at $0.05 per share for gross proceeds of $400.

Net proceeds from both offerings will be used for general working capital.

The Company’s Loljuh Property, located in the Omineca Mining Division of British Columbia, consists of one mineral claim covering approximately 1,656.73 hectares.

The Loljuh Property is situated within the Skeena Arch, a richly mineralized terrane in central British Columbia.

All securities issued are subject to applicable hold periods, and no finder’s fees were paid.