VANCOUVER, BRITISH COLUMBIA – May 6, 2025 – TheNewswire – Boksburg Ventures Inc. (the “Company” or “Boksburg”) a reporting issuer in British Columbia, is pleased to announce that it has closed the first tranche of a non-brokered private placement. The Company issued 4,030,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $201,500 (the “Unit Offering”). Each Unit is comprised of one common share (each a “Share”) and one transferable common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at a price of $0.10 for a period of five (5) years from the date of issuance.
The Company also closed a non-brokered private placement of 8,000 common shares (the “Shares”) at a price of $0.05 per Share for gross proceeds of $400 (the “Share Offering”).
All securities issued pursuant to the Unit Offering and Share Offering are subject to applicable hold periods in accordance with securities regulations.
The net proceeds from both offerings will be used for general working capital purposes. No finder’s fees were paid in connection with either the Unit Offering or the Share Offering.
The Loljuh Property, Omineca Mining Division, British Columbia: The Company’s Loljuh Property consists of one mineral claim covering approximately 1,656.73 hectares in the Omineca Mining Division of Central British Columbia, Canada. The Loljuh Property is located approximately 40 km south of the community of Smithers and 29 km west of the community of Houston.
The Loljuh Property is a grassroot property located within the highly prospective Skeena Arch – an uplifted, northeast trending geological belt that forms part of a long-lived magmatic arc. This region is known for hosting a diverse range of mineral deposits and extends across central British Columbia. The Skeena Arch is considered one of the most richly mineralized terranes in the province.
On behalf of the Board of Directors of:
Boksburg Ventures Inc.
“Johannes (Theo) van der Linde”
Johannes (Theo) van der Linde
Director & CEO
Phone: (604) 687-2038
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
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