Blue Moon Announces Closing of $175,500 Financing
May 08 2023 - 6:16PM
Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the
“
Company”) announces it has closed a non-brokered
private placement of $175,500. The financing was priced at $0.065
per Common Share. There are no warrants and no finders’ fees
associated with the financing. The financing is subject to a four
month hold period. The proceeds of the financing will be used for
the Company’s working capital, regulatory costs, shareholder
meeting costs and costs associated with the Blue Moon project.
About Blue Moon Metals
Blue Moon Metals (TSX.V: MOON; OTCQB: BMOOF) is
currently 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 list of metals critical to the US economy and national
security. A 43-101 resource report is available on the Company’s
website and was filed on www.sedar.com on November 20, 2018. The
Company also holds the Yava polymetallic project in Nunavut that is
in the same volcanic lithologies and south of Glencore’s Hackett
River deposit. More information is available on the company’s
website (www.bluemoonmetals.com).
For more information, please contact:
Patrick McGrath,
CEO1-832-499-6009pmcgrath@bluemoonmining.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Resource estimates included in this news release
are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions set forth in the relevant technical
report and otherwise, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices for commodities,
the results of future exploration, uncertainties related to the
ability to obtain necessary permits, licenses and titles, changes
in government policies regarding mining, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. Readers are cautioned not to place
undue reliance on this forward-looking information, which is given
as of the date it is expressed in this press release, and the
Company undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws.
The securities referenced in this news release
have not and will not be registered under the U.S. Securities Act
of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.
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