Borealis Exploration Limited announced a private placement of up to 8,000,000 units at a price of CAD 0.50 per unit for total proceeds of up to CAD 4,000,000 on February 6, 2024. Each unit shall consist of one common share and one-half of one warrant. Each warrant shall entitle the holder thereof to purchase one share at a price of CAD 0.75 per share until September 14, 2025.