Blue Moon Zinc (MOON-V) $924k Financing
August 15th 2024 - NR
Blue Moon Metals Inc. has arranged a non-brokered private placement of 26.4 million common shares of the company at a price of 3.5 cents per common share for aggregate gross proceeds of $924,000. The net proceeds from the private placement will be for further permitting and exploration activities at the Blue Moon project, for working capital, and for general corporate purposes.
The financing is scheduled to close on or about Aug. 30, 2024, and is subject to certain customary conditions, including, but not limited to, receipt of TSX Venture Exchange conditional acceptance. The common shares will be subject to a statutory hold period of four months and one day from the date of issuance. There are no warrants and no finders' fees contemplated with the private placement.
About Blue Moon Metals Metals Inc.
Blue Moon Metals is advancing its Blue Moon polymetallic deposit, which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure, including paved highways three miles from site, a hydroelectric power generation facility a few miles from the site, a three-hour drive to the Oakland port and a four-hour drive to the service centre of Reno. Zinc is currently on the USGS (United States Geological Survey) list of metals critical to the U.S. economy and national security. The company also holds the Yava polymetallic project in Nunavut, which is in the same volcanic lithologies and south of Glencore's Hackett River deposit.
Patrick McGrath, CEO
1-832-499-6009
pmcgrath@bluemoonmining.com |
