Boyuan Construction Group, Inc. (TSX:BOY) announced that it has completed a private placement of 1,100,000 common shares at a price of CAD 0.31 per share for gross proceeds of CAD 341,000 on December 31, 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 May 1, 2020.