Boyuan Construction Group, Inc. (TSX:BOY) announced that it has completed a private placement of 5,255,765 common shares at a price of CAD 0.31 for gross proceeds of CAD 1,629,287 on December 5, 2019. All subscribers in the private placement are arm’s length parties. The securities issued in the private placement are subject to a four month resale restriction period expiring April 6, 2020.