July 20 (Reuters) - Boreal Metals Corp BMX.V :
* BOREAL ANNOUNCES PRIVATE PLACEMENT
* BOREAL METALS CORP - NON-BROKERED PRIVATE PLACEMENT OF UP TO 36.4 MILLION UNITS OF CO AT $0.055 PER UNIT
* BOREAL METALS CORP - PROCEEDS OF PRIVATE PLACEMENT WILL PRIMARILY BE USED TO CONTINUE EXPLORATION AND DRILLING AT CO'S 100% OWNED GUMSBERG PROPERTY