Blue Moon Announces $924,000 Financing
August 15, 2024 – Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) announces it has arranged a non-brokered private placement of 26,400,000 common shares of the Company (the “Common Shares”) at a price of $0.035 per Common Share for aggregate gross proceeds of $924,000 (the “Private Placement”). The net proceeds from the Private Placement will be for further permitting and exploration activities at the Blue Moon project, for working capital and general corporate purposes.
The financing is scheduled to close on or about August 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Blue Moon Metals
| 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 list of metals critical to the US economy and national security. | 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, CEO 1-832-499-6009 [email protected]
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.
This press release contains certain forward-looking statements within the meaning of applicable securities law.
Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company cannot assure that actual results will be consistent with these forward-looking statements. They are made as of the date hereof and are subject to change and the Company assumes no obligation to revise or update them to reflect new circumstances, except as required by law. Prospective investors should not place undue reliance on forward looking statements. These factors include the inherent risks involved in the resource industry.