Dec. 16, 2019 (GLOBE NEWSWIRE) — Balmoral Resources Ltd. (TSX:BAR) (“Balmoral” or the “Company“) announces that it has arranged an approximately $4.55 million dollar non-brokered flow-through private placement (the “Offering”). Under the terms of the Offering the Company has agreed to sell 8,930,000 Quebec flow-through common shares of the Company at a price of $0.51 per Quebec flow-through common share.