VANCOUVER, BRITISH COLUMBIA – March 28, 2025 – TheNewswire - Boksburg Ventures Inc. (the “Company” or “Boksburg”) a reporting issuer in British Columbia, is pleased to announce that it has closed a non-brokered private placement of 4,240,000 units (the “Units”) of the Company for a price of $0.025 per Unit for gross proceeds of $106,000 (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 will entitle the holder thereof to acquire one additional Share at a price of $0.10 for a period of five (5) years from issuance.
Shares issued pursuant to the Unit Offering are subject to the applicable hold periods as per the securities regulations.
Proceeds will be used for general working capital. There were no finder’s fees paid in connection with the Unit Offering.
On behalf of the Board of Directors of:
Boksburg Ventures Inc.
“Eugene Beukman”
Eugene Beukman
Director & CEO
Phone: (604) 687-2038
Information set forth in this press release may involve forward-looking statements, including statements relating to the further development of the Break Free mobile application within the Company or through external arrangements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated the closing of the Proposed Transaction; the need for additional financing; reliance on key personnel; and the potential for conflicts of interest among certain officers or directors with certain other projects. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and except as required by law, the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. For further information on risk, investors are advised to see the Company’s MD&A and other disclosure filings with the regulators which are found at www.sedarplus.ca.
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